| Font Size |
Indian textiles are competing with the produce not only from China but also from several low-cost manufacturers, like Bangladesh, Taiwan and of late Sri Lanka.
Knitwear Club President Vinod Thaper said, “No doubt the increase in fund will benefit the industry, but the large users will take the maximum benefit because we had demanded that import of old machinery should also be included in TUF. But this demand has not been considered.” Shyam Bansal, MD of Rage Knits, however, added, “Small industry has never been able to utilise TUF much, so the increase in allocation will also be not of much use.”
After the announcement of FM that 30 integrated textile parks have been approved, Ludhiana sector heaved a sigh of relief. One such park announced three years ago may see the light of day as out of total Rs 118 crore, Rs 40 crore are to be pooled by the Centre and till date not even a penny had been released. Thaper said, “We are hopeful that first installment may come after the meeting with Shanker Singh Vaghela, Union Textile Minister, on Monday.
Discuss this story on expressindia forums
|
|