Hit hard by the deadly pandemic Covid-19, the Confederation of Indian Textile Industry (CITI) has sought measures, including removal of anti-dumping duties and basis customs duties levied on the imports of raw material such as dyes & chemicals, intermediaries, spares and accessories
The industry body has also sought the exemption for cotton yarn and fabrics under RoSCTL, IES & MEIS benefits with immediate effect to prevent job losses of lakhs of people in the handloom, powerloom and spinning sectors.
The demands also include extending soft loan equivalent to government dues pending in the books of individual textile units that could be adjusted soon as the government clears the dues (TUF subsidy, RoSCTL, MEIS, GST refund), enhancing IES benefit for all textiles and clothing exports to 5% and reducing the bank interest rate by 3%, CITI said in a press release