Tirupur: Chief minister Edappadi Ok Palaniswami has written to Prime Minister Narendra Modi urging the Central government’s intervention to rejuvenate Tirupur knitwear cluster. Without at once bringing up that measures taken publish GST implementation have also performed a job in weakening the readymade garment (RMG) sector, Palaniswami sought after the centre to extend the velocity of duty problem and transparent pending rebate on state levies (RoSL) dues of Rs 500 crore to be given to the cluster.
In the letter dated May 22, the CM mentioned, “In the last decade, countries like Bangladesh, Vietnam and Sri Lanka have overtaken India in RMG global marketplace. Especially, the jap neighbour Bangladesh has 4 occasions larger marketplace percentage than our country. Many of such countries have been enjoying other benefits available in the market. For cases, Sri Lanka used to be accorded as generalised scheme of personal tastes (GSP) plus through the European Union, in order that the island nation could export apparels to EU countries with out fee of import duty. Ethiopia, which is among the emerging textile manufacturing international locations, has loose industry get entry to with the United States. At the same time, Indian apparel exports to US are subjected to a levy of 11.40%.”
“Moreover, whilst Indian exporters are levied import duty on yarn used to produce garments that are to be exported, countries together with Bangladesh, Sri Lanka and Ethiopia levy no such duty,” he mentioned.
Without bringing up about implementation of GST, Palaniswami mentioned since July 1, 2017, RoSL is slashed from 3.5% to at least one.7%, and in addition zero.21% of the carrier tax element of problem used to be removed. Besides, duty problem used to be decreased from 7.5% to 2-2.5%.
The CM requested that “In order to hide all of these issues and supply competitive edge over different countries, the Central government will have to build up duty problem to 5%. And also the pending dues of RoSL, which has no longer been cleared since May 2017, entitled to be given to Tirupur cluster on my own touched around Rs 500 crore. So, it also will have to be cleared.”
Thanking the CM for forwarding their representation, vice-chairman of the Apparel Export Promotion Council A Sakthivel instructed TOI that “There will be chances for entering loose industry settlement (FTA) with EU and in addition complete financial partnership settlement (CEPA) with Canada and Australia, in apparel sector. The central government will have to take quick steps for such agreements.”
Tirupur Exporters’ Association president Raja M Shanmugham mentioned, “With such positive measures coupled with unveiling of integrated Tamil Nadu textile policy, the rejuvenation of the textile sector within the state will become conceivable.”
In the letter dated May 22, the CM mentioned, “In the last decade, countries like Bangladesh, Vietnam and Sri Lanka have overtaken India in RMG global marketplace. Especially, the jap neighbour Bangladesh has 4 occasions larger marketplace percentage than our country. Many of such countries have been enjoying other benefits available in the market. For cases, Sri Lanka used to be accorded as generalised scheme of personal tastes (GSP) plus through the European Union, in order that the island nation could export apparels to EU countries with out fee of import duty. Ethiopia, which is among the emerging textile manufacturing international locations, has loose industry get entry to with the United States. At the same time, Indian apparel exports to US are subjected to a levy of 11.40%.”
“Moreover, whilst Indian exporters are levied import duty on yarn used to produce garments that are to be exported, countries together with Bangladesh, Sri Lanka and Ethiopia levy no such duty,” he mentioned.
Without bringing up about implementation of GST, Palaniswami mentioned since July 1, 2017, RoSL is slashed from 3.5% to at least one.7%, and in addition zero.21% of the carrier tax element of problem used to be removed. Besides, duty problem used to be decreased from 7.5% to 2-2.5%.
The CM requested that “In order to hide all of these issues and supply competitive edge over different countries, the Central government will have to build up duty problem to 5%. And also the pending dues of RoSL, which has no longer been cleared since May 2017, entitled to be given to Tirupur cluster on my own touched around Rs 500 crore. So, it also will have to be cleared.”
Thanking the CM for forwarding their representation, vice-chairman of the Apparel Export Promotion Council A Sakthivel instructed TOI that “There will be chances for entering loose industry settlement (FTA) with EU and in addition complete financial partnership settlement (CEPA) with Canada and Australia, in apparel sector. The central government will have to take quick steps for such agreements.”
Tirupur Exporters’ Association president Raja M Shanmugham mentioned, “With such positive measures coupled with unveiling of integrated Tamil Nadu textile policy, the rejuvenation of the textile sector within the state will become conceivable.”
Rejuvenate Tirupur knitwear cluster, EPS urges Modi
![Rejuvenate Tirupur knitwear cluster, EPS urges Modi]()
Reviewed by Kailash
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May 25, 2018
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