Dec 3, 2019
Government plans to curb imports of textiles and footwear, increase domestic production
Dec 3, 2019
As part of its “Make in India” initiative, the government has identified 350 “non-essential” imports, including certain textiles and footwear, on which it will increase customs duty with the aim of increasing domestic production.
The Union Government plans to increase customs duties on a large number of products that it believes can instead be made in India, TNN reported. The final list of products and their respective customs duties increases is expected in the government’s upcoming budget.
The central government has asked the Ministry of Textiles and Ministry of Commerce and Industry among others to create a list of products that could be sourced waiving the requirement for global tender for government procurement within India instead of internationally. The initiative will also see the government ask public sector companies for lists of products and materials they will require over the coming six years. This will allow the government to gauge demand and be able to plan accordingly.
The government has consistently promoted Indian textile production, especially of handloom fabrics, in a bid to reduce textile imports. A large number of schemes under the umbrella of the Khadi and Village Industries Commission, such as skill training and incentives, have been deployed to this end and the government aims to continue this work in its upcoming budget.
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