Piyush Goyal
| Photo Credit: ANI
A call on eradicating the import responsibility on cotton shall be taken after holding consultations with the Agriculture Ministry, mentioned Piyush Goyal, Union Minister for Textiles, Commerce and Industry, Consumer Affairs, Food, and Public Distribution.
When requested concerning the textile trade’s demand for removing of the 11 % responsibility on cotton, the Minister advised The Hindu, “We need to balance the interests of the farmers and the industry. We will take a call after consultation with the Agriculture Ministry.”
On textile and attire exports contracting for nearly a yr, he mentioned export of merchandise resembling jewelry, diamonds, and textiles had diminished as financial slowdown in a number of nations had impacted the demand for such merchandise.
Regarding extension of time for contemporary functions for Production Linked Incentive (PLI) Scheme for MMF (man-made fibre) attire, MMF materials and Technical Textiles until October finish when the trade was asking for PLI Scheme 2.0, Mr. Goyal mentioned the 2 schemes focused completely different segments of the textile trade..
