New textile policy needed: Industry

... -

---

February 03, 2024 Surat: The textile industry leaders in the city said that they had been waiting for the announcement of a new textile policy since the term of the old policy ended in December 2023. “There is a need for a new textile policy and we are hopeful that it will be announced soon. The funds announced might get diverted for the dues of previous policy,” said Bharat Gandhi of Federation of Indian Art Silk Weaving Industry (FIASWI).

Southern Gujarat Chamber of Commerce and Industry (SGCCI) had made a representation for new textile policy. “We are hopeful that a new policy will be declared soon. The backlog of subsidies needs to be cleared,” said Ramesh Vaghasiya, president of SGCCI.tnn

---

Share to ....: 246    

Most viewed

• Amid weak demand, cotton price surge adds to woes of yarn mills
• Centre willing to procure jute and cotton crop if prices fall below MSP : Goyal
• BTMA signals minimum wage structure for cotton textile sector within next two weeks
• State further subsidises power supply to textile industry till 2028
• India’s cotton yarn exports to surge by 85-90% in FY2024: ICRA
• ASEAN delegation to visit India on 17 Feb for FTA review
• Boosting trade relations with India
• Bank fraud case: Textile baron Neeraj Saluja sent to 5-day police remand
• New Rule of Payment to MSMEs Causes Uncertainty in Textile Markets
• New MSME payment rule leads to many cancelled orders