To boost exports, government has announced a scheme namely “Scheme for Remission of Duties and Taxes on Exported Products†(RoDTEP) to all export goods, including textiles and garments with effect from 1st January, 2021.
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Ministry of Textiles is contemplating a New Textile Policy. At present, New Textile Policy has not been finalised and it is at draft stage.
To boost exports, government has announced a scheme namely “Scheme for Remission of Duties and Taxes on Exported Products†(RoDTEP) to all export goods, including textiles and garments with effect from 1st January, 2021.
Sanjay Garg, President NITMA , welcomed the proposal of Union Budget 2021-22 as the grant to textile and clothing sector is budgeted at Rs 3,631.64 crore which is about 10 per cent higher than previous year’s revised budget of Rs 3,300 crores in 2020-21.
10 per cent import duty on cotton is a severe blow for cotton textile value chain.
SIMA appeals PM for withdrawal.
The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis.
In this project work, jute fabric is used as reinforcement and PLA (poly lactic acid) film is the matrix by which composites are made by stacking of number of fabric layers in between the PLA films.