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Custom duty to be abated on technical textiles to improve its perfomance
 
Custom duty to be abated on technical textiles to improve its perfomance
With a view to improve perfomance in technical textiles,the Central Government is nulling over a proposal to reduce customs duty on a range of machines and fibres.Officials say such a measure would promote production and use of technical textiles in the nonwoven category.The country is lagging behind in production and consumption of technical textiles,which are value-added textile materials manufactured mainly for their technical use.Mr NM Mugadut,joint commissioner,textiles,said "India has the raw material and right technology in the high-tech field of technical textiles.But yet we are behind many countries."The expert committee was appointed to assess market size, prepare project profiles and suggest measures to be taken for the growth of technical textile sector.One of the suggestions made by the committee is that customs duty on 22 machines and 35 fibres related to these textiles be reduced.SS Ramkumar,assistant professor Tichh, Texas Tech University ,US,cautioned that India will have to pull up socks to compete with China."Nonwovens,industrial textiles,functional textiles,protective textiles are few materials which have global growth opportunities.While nonwovens are at a very nascent stage in India,the US is a leading player in the category,followed by Europe."he said.
Posted On : 12/27/2005 12:36:47 PM

 
 
 
Custom duty to be abated on technical textiles to improve its perfomance