TIRUPUR: The official asked exporters to tap the huge potential in the technical textile sector, whose demand is increasing day by day across the globe.
The office of the textile commissioner has recommended to the Centre to reduce excise duty on man made fibres (MMF) from 12% to 6%.
The recommendations were made based on discussions with various export promotion councils and traders bodies some days ago, Textile Commissioner Kavita Gupta said, adding that yarns made of MMF like polyster and synthetic are in good demand.
Addressing a meeting with Tirupur Exporters’ Association at Tirupur near here, Gupta said it was for the government to decide on the reduction, according to sources.
The official asked exporters to tap the huge potential in the technical textile sector, whose demand is increasing day by day across the globe, they said.
She said that if garment manufacturers from Tirupur, whose exports have crossed Rs 20,000 crore, enter the technical textile sector, the revenue would increase manifold.
The government has adequate funds to promote innovative products, she said and urged industrialists to come forward and utilize it for developing newer products.
