ENA Sectors 2024-02-02 14:43:39 <p><span style="font-size:14px"><strong>New Delhi, Feb 2 (KNN)</strong> The textile industry has expressed a sense of dissatisfaction regarding the unaltered import duties announced in the interim budget on Thursday.</span></p> <p><span style="font-size:14px">Numerous industry associations have expressed the need for corrective measures regarding various issues faced by the sector, as reported by TH.</span></p> <p><span style="font-size:14px">R.K. Vij, General Secretary, PTA Users Association, expressed the industry's expectation for corrective changes in customs duty for fabrics.</span></p> <p><span style="font-size:14px">He emphasised the need for necessary adjustments in the full budget, including the rationalisation of Goods and Services Tax (GST) rates for the manmade fibre sector.</span></p> <p><span style="font-size:14px">S.K. Sundararaman, Chairman, Southern India Mills Association, called for the consideration of textile industry demands related to raw material issues and other industry concerns in the comprehensive budget.</span></p> <p><span style="font-size:14px">Sanjay Jain, Former Chairman, Textile Sector Skill Council, criticised the budget for lacking major supportive measures for the industry.</span></p> <p><span style="font-size:14px">He highlighted the absence of changes in Import Duty on cotton and fabric imports.</span></p> <p><span style="font-size:14px">K.M. Subramanian, President, Tiruppur Exporters Association, expressed disappointment over the absence of any announcements related to the textile sector in the budget.</span></p> <p><span style="font-size:14px">He hopes for supportive measures to be introduced in the final budget.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36537 https://knnindia.co.in/news/newsdetails/sectors/disappointed-with-budget-textile-industry-calls-for-customs-duty-revisions 2024-02-02 14:43:39 knnindia.co.in