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| Fabric Policy |
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Indian textile sector is very large and diversified. Textile industry is considered the backbone of India's manufacturing sector. It gives employment to a large population and contributes significantly in the economy. Its root goes back several thousand years. Over the last 50 years indian textile industry has shown a great performance. The policy of Indian government regarding textile industry is very clear. It wants to make indian textile sector a strong and vibrant industry which can:-
--->Produce good quality cloth at acceptable prices to meet the needs of the people.
--->Contribute effectively in the economic growth of the nation by providing sustainable employment to people.
--->And which can compete with confidence for increasing it's share in the global market.
In 2000 various sectors of textile industry were given benefits, like:-
Handicrafts sector received an amount of Rs. 5 crore under Market Access Initiative (MAI) for promoting exports coming under the KVIC.
It also benefited from export house status on achieving lower average export performance of Rs.5 crore as against Rs. 15 crore for others.
Also it was entitled to duty free imports of an enlarged list of items to certain percent of their FOB.
Leather garments and all other leather products also enjoyed duty free imports of trimmings and embellishments unto 3% of the FOB value.
Coming to textiles, sample fabrics were permitted duty free within the 3% limit for trimmings and embellishments.
Some other items such as inlay cards, zip fasteners, eyelets, rivets, eyes, cord and cord stopper included in input output norms.
The union government released the revised vision statement for CITI (Confederation of Indian Textile Industry) to create conducive environment for the Indian textile industry.
This vision document released by government pleads for removing infrastructure constraints and bringing down transaction cost. It also ensures adequate raw material availability and an end to antiquated laws.
In recent years Indian textile industry has experienced huge growth in investments and it might happen that the technology upgradation fund scheme (TUFS) will be extended beyond the year 2007. This scheme has greatly helped to enlarge production capacity of textile industry. .
Information of Fabrics
-->Fabric Definitions
->Fabric Manufacturing Process
->Fabrics Policy
->Fabric Identifications
->Fabrics Care
->Fabrics Storage
->Fabrics Weaving
->Fabrics Budget 2005-2006 | |
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