International trade body seeks policy support from Central Government to overcome challenges in MMF export.

Surat : The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) has sought policy support from the Central Government to overcome the emerging challenges in exports of Man-Made-Fabric (MMF) textile sector in the country post-Covid.

SRTEPC office bearers led by its chairman Dhiraj Shah and vice-chairman Bhadresh Dodhia welcomed the newly appointed Union Textile Minister, Piyush Goyal and Minister of State for Textiles and Railways, Darshana Jardosh in Mumbai on Saturday.

Chairman of SRTEPC, Dhiraj Shah told TBT, “Government’s policy support is the need of the hour to improve the textile processing industry to cater to the international quality standards required for exports.”

Shah stated that the processing segment is highly capital intensive and gestation period in revenue neutralization is very long. A special scheme and policy support is needed to facilitate international standard processing units in the country”

According to Bhadresh Dodhia, vice-chairman of SRTEPC, the global fire trends is dominated by man-made fibers. The ratio of MMF and natural fibers in the international market is 70:30, whereas in India it is completely opposite.

Dodhia said, “Sustainable textiles are the future of the textile sector and government must encourage this segment”

Exports of MMF from India was all-time high in 2014-15 post withdrawal of the chapter – 3 benefits viz., FMS, FPS, MLFPS, etc.

Other issues raised by the SRTEPC included the release of all the pending dues of the exporters under drawback, MEIS, IGST, ROSL, RoSCTL, TUFS on an urgent basis, fibre neutrality and a uniform 5% GST rate for entire value chain in the MMF textiles segment.

Special Export incentive of 3% on fibre and yarn, 4% on fabric, 5% on made-ups for at least 6 months or till the impact of coronavirus subsides and global markets stabilizes, announcement of RoDTEP rates and benefits of the RoDTEP scheme to the entire MMF textile value chain viz., fibres, yarns, fabrics, made-ups with a minimum rate of 7%, extension of the EPCG Scheme for the next 5 years.

Inclusion of entire MMF textile value chain in the PLI scheme, special scheme to attract investment in entire MMF textile value chain, continuation of the ATUFS beyond 31st March 2022 in line with the Aatma Nirbhar Bharat Abhiyaan, devise a mechanism to make available real-time textile data on production, consumption, exports, etc.

Both the ministers suggested SRTEPC to submitted a detailed presentation on the policy support needed from the government and assured of positive outcome soon.

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