TEXPROCIL Meets Ministers to Discuss Cotton Textile Exports
The Hon’ble Finance Minister Shri Piyush Goyal and the Hon’ble Textile Minister Smt Smriti Zubin Irani held a meeting with TEXPROCIL and other Textile Export Promotion Councils and Associations on 27th May 2018 to discuss issues relating to matters of taxation and promotional schemes affecting textile exports. In a statement, Shri Ujwal R Lahoti, Chairman, TEXPROCIL, expressed his sincere gratitude to the Hon’ble Ministers of Finance and Textiles for having patiently listened to the issues which are impacting exports of cotton textiles from India.
The Government was requested to support the sector with many useful policy measures and also with generation of captive power, Mandi tax, Duty on electricity, Stamp duties on export documents, etc. and to expedite the refund of pending GST and IGST claims and ROSL of the exporters.
Shri Lahoti pointed out the need for a holistic and integrated approach so that all the segments in the value chain like yarn, fabrics, and made-ups benefit from the tax incentives. This will in turn spur higher investments and employment generation, he added. He thanked the Hon’ble Ministers for their proactive steps in resolving issues affecting the exports of cotton textiles.