Smriti Irani releases HSN codes for technical textiles
Union Textiles Minister Smriti Zubin Irani released HSN codes for technical textiles during National Conclave on Technical Textiles, jointly organised by the Ministry of Textiles and FICCI, at Taj Hotel, Mumbai on January 29, 2019.
To monitor the data of import and export and in order to provide any fiscal support to the technical textile sector, the first step was to recognise and notify separately the technical textiles items spread from chapter
1 to 99 of HSN classification book.
In absence of clear classification
of technical textiles, there was
a confusion, and many genuine manufacturers were not getting various incentives being allowed
to technical textile sector by the Central and State Governments.
To fulfill the long-standing demand of industry to declare technical textile items as a separate category, Government of India has notified
207 HSN codes as technical textiles. She thanked Mohan Kavrie of Supreme Nonwovens Group and
RD Udeshi of Reliance for helping
the Ministry in drafting the codes.
Irani said that the Ministry
has set up Focus Incubation
Centres to help the investors
to enter into technical textiles.
â€œWe have also focused on incubation centres and set up 11 such centres
in the country. Under the aegis of textile ministry we have undertaken 40 geo textile projects for roads, water reservoirs and ensured that our farmers embraces agro tech at
54 agro tech demonstration centres and distribute kits.â€