Key Demands from the Industry:
Import Restrictions: Minimum Import Price (MIP) on fabrics, exclusion of fabrics and garments from free trade agreements.
Boosting Domestic Manufacturing: Special incentives for weaving and knitting sectors, deferment of MSME payment rules, ensuring raw material availability at international prices.
Countering Unfair Practices: Anti-dumping duties on Chinese fabric imports.
Government’s Vision:
Competitive: Enable Indian manufacturers to compete globally.
Advanced: Encourage the adoption of cutting-edge technologies.
Eco-friendly: Promote sustainable practices.
Global Hub: Attract investment to position India as a textile leader.
Benefits:
Increased job creation
Enhanced exports
High-quality textiles at competitive prices
Woolgold’s Commitment: Woolgold is dedicated to supporting the Indian textile industry’s growth, providing high-quality products and services to buyers, brands, designers, and boutiques.
Join the Conversation! Share your thoughts on the upcoming budget and India’s potential as a global textile leader in the comments below.
