I think that now the "myth and phobia" stands fully exposed and the government and other agencies can realize the importance of patronizing the home-textile, particularly towels and made-ups
During this period, exports of cotton textiles (raw cotton, yarn, fabrics, and made-ups
) touched USD 6235 million as compared to USD 4917 million in 2017-18.
Under the scheme, for textile garments, the rates were lowered to 4pc from 7pc; textile made-ups
to 3pc from 6pc; processed fabric 2pc from 5pc, respectively.
Lahoti pointed out that as India was blessed with the entire textile value chain, a holistic and integrated approach needs to be adopted so that all the segments in the value chain like yarn, fabrics, made-ups
get the benefit of the tax and incentive benefits.
After phasing out of textile quota regime Pakistan's export of woven and knitted made-ups
could not be increased substantially because of using outdated stitching and knitting machines.
The company manufactures and exports made-ups
and cotton fabric.
The ratings reflect the firm's long track record, vast experience of the promoters in manufacturing silk fabrics and made-ups
, the client base including famous brands such as Laura Ashley and John Lewis, the offering of niche products and new designs on a continuous basis and low gearing levels due to very low working capital utilisation.
The range of our textile exports comprises: Cotton yarn, cotton fabrics and made-ups
including towels, hosiery, knitwear and Readymade Garments.
'The shortage has already pushed hydrogen peroxide prices higher and if the government does not take any action, a large scale shut-down of the processing industry is inevitable, thereby affecting exports of textile fabrics and made-ups
,' Mr Parekh added.
The viability of the textile industry is required to be restored immediately before the adverse impact of the situation trickles down to agriculture, made-ups
and closing sector, he added.
They also appreciated the trading community role in preparation of LCCI budget proposals and said that PIAF-Alliance had decided to give special focus on solar energy, halal food, textiles and textile made-ups
, pharmaceuticals, chemicals, high tech engineering, footwear and embroidery sectors during the year to ensure an early economic turnaround.