India : CMAI welcomes textile Sops but more need to be done

The Clothing Manufacturers Association of India (CMAI) has welcomed the Relief Package announced by the Hon’ble Finance Minister in Parliament on 29th November 2007 for the Textile and Apparel Industry.
In a statement issued here, Mr. Rahul Mehta, President, CMAI stated that the Reduction of Custom Duty on Man-Made Fibre and reduction of Interest Rates on Pre & Post Shipment Advances will help the Industry but only in a limited way.
Over 80 % of the Apparel Exported from India are made of Cotton Fabrics and the relief announced by the Hon’ble Finance Minister would not help the Garment Exporters, according to Mr. Mehta.
Mr. Mehta has once again stated that the major relief required from the Government to help the Industry is to refund the State Level Duties which amount to approximately 6 % of the FOB value.
“We must be encouraged to Export our Apparel from India and not the Duties alongwith it“ said Mr. Mehta.