October   14 October 2009   Industry takes Cotton Grievances to the Textile Minister   New Delhi, October 14, 2009 - The industry has requested Textile Minister, Thiru Dayanidhi Maran to intervene in some of the serious issues affecting the entire cotton economy of the country. In a meeting chaired by Textile Minister today, Office-Bearers of Confederation of Indian Textile Industry (CITI), Southern India Mills’ Association (SIMA), Northern Indian Textile Mills Association (NITMA) Cotton Textiles Export Promotion Councils (Texprocil) and other industry representatives pointed out that the export incentive for raw cotton and the procedures adopted for disposal of procured cotton during cotton year 2008-09 played a major role in increasing cotton prices in the domestic market and making Indian cotton available to the competing countries at cheaper prices.   Click here to view     September   18 September 2009   CITI ELECTS NEW OFFICE-BEARERS   September 19, 2009, New Delhi – The Committee of the Confederation of Indian Textile Industry (CITI) at its meeting held on September 18, 2009 unanimously elected Shri Shishir Jaipuria as Chairman, Shri S.V. Arumugam as Deputy Chairman and Shri Prem Malik as Vice Chairman of CITI for the year 2009-10.   Click here to view     August   27 August 2009   Foreign Trade Policy Disappoints Textile Industry   The Foreign Trade Policy for 2009-2014 announced by the Minister for Commerce and Industry on August 27, 2009 is highly disappointing for the textile and clothing industry. In a statement issued here, Shri R. K. Dalmia, Chairman, Confederation of Indian Textile Industry has stated that during the run up to the announcement of the Policy, there have been several statements to the effect that the labour intensive sectors such as textile and clothing will be the focus of the policy.   Click here to view     July   6 July 2009   CITI Welcomes Increase in TUFS Allocation   Reacting to the Central Budget presented in Parliament by Finance Minister, Shri Pranab Mukherjee on 6th July 2009, Shri R.K. Dalmia, Chairman, CITI has welcomed the substantial increase in allocation for Technology Upgradation Fund Scheme. The allocation has been increased from Rs.1090 crore last year to Rs.3140 crore this year. Because of inadequate budget allocation, there has been a backlog of more than one year in disbursements of TUFS assistance. Shri Dalmia stated that increase in budget provision would be able to remedy this situation substantially. Reintroduction of 4% optional excise duty for cotton textile products is also a welcome step since this would allow textile companies to use cenvat credit on capital goods, dyes and chemicals, packing materials etc. Shri Dalmia also welcomed extension of 2% interest subvention on export credit from September 2009 to March 2010 but added that the industry was expecting the subvention to be restored to the original rate of 4% which has not been done. Abolition of fringe benefit tax and commodity transaction tax are also welcome features of the Budget, Shri Dalmia added.   Click here to view     June   12 June 2009   Release of Study report on "Impact of Economic Slowdown on Indian T&C Industry   Union Textiles Minister Dayanidhi Maran releases a study report on ‘Impact of economic slowdown on Indian textile and clothing industry’ in New Delhi on Friday....Download the Report...       12 June 2009   Incentives for Tapping Newer Markets in T&C Sector on the Anvil Industry   New Delhi Friday 12th June 2009 Mr. Dayanidhi Maran, Union Minister of Textiles, said that the Government would extend a helping hand to the industry to seek opportunities in the new markets to reduce their dependence on traditional markets like the US and Europe. That will also help the industry to withstand the competition from neighboring countries and overcome protectionist measures being adopted by developed countries. The Minister was addressing the textile industrialists in the country today in New Delhi at meeting was organized jointly by CITI, TEXPROCIL, AEPC and SRTEPC*. “There is a need to diversify textile and clothing exports to new markets like Gulf Cooperation Countries (GCC), namely Bahrain, Kuwait, Oman, Saudi Arabia, Qatar and UAE, Latin America, Russia and Oceania,” he added. He also mentioned that the export markets in the US and Europe are showing signs of recovery. Mr. Maran disclosed that the Government would take steps in the short, medium and long terms to provide relief to the industry. As a part of the short term strategy, the Government would strive to rationalize fiscal structure, exempt service tax, reduce interest rates on pre and post shipment credit and facilitate faster clearance of arrears of terminal excise duties and Central sales tax. The medium strategy envisages the inducting momentum to the implementation of Technology Upgradation Fund Scheme, Scheme for Integrated Textile Parks and Technology Mission in 11th Five Year Plan period. In the long run, there is a need for improvement in the infrastructure, labor law reforms and to create a new business orientation by the industry in line with the global trends. The Textile Minister said that his ministry would initiate consultation process immediately with the stakeholders to form a National Fibre Policy. He called upon the industry to give inputs to frame the policy. “I humbly request industry to come forward and let there be a single forum representing the wide spectrum of textiles interest. Time is essence and let us move forward,” he added. The Minister also opined that the domestic consumption of T&C sector has been adversely affected and the Government is looking ways and means of increasing the demand. Earlier the Minister released a study commissioned by the industry associations – CITI, TEXPROCIL, AEPC and SRTEPC- and undertaken by ICRA Management Consulting Services (IMaCS). (Highlights of the study is being separately sent along with the release) While addressing the meeting, Ms. Rita Menon, Union Textile Secretary highlighted the problems being faced by the textile industry, such as glitches on the banking front like high interest rates, tariff related issues, TUFs, incidence of state level taxes etc. She wanted more structured responses from the textile industry in terms of augmenting exports and imparting skills to more number of people to improve their employability in the textile industry. She also underscored the need for industry orchestrating their problems in a cogent manner so that their problems are heard and appropriate actions taken. Importantly, the Textile Secretary released the CITI Directory 2009, which gives detailed information on more than 2500 units belonging to spinning, weaving, composite, made-ups, garments, textile machinery, garment machinery and textile and apparel parks. In his welcome address, Mr. RK Dalmia, Chairman, CITI pledged the support of the textile industry in creating one crore additional gainful employment in the textile sector. He also described the rationale of commissioning the study on “Impact of Economic Slow Down on Textile and Clothing Industry” and hoped that the findings of the study would prove beneficial to all the stakeholders in the textile business. There was also industry presentations from various textile associations and textile industrialists, which widely covered industry prescriptions for a speedy recovery in the textile sector.       12 June 2009   Study on Impact of Global Economic Slowdown on Indian Textile & Clothing Industry   Commissioned by: Confederation of Indian Textile Industry (CITI), Apparel Export Promotion Council (AEPC), The Cotton Textiles Export Promotion Council (Texprocil), The Synthetic Rayon and Textiles Export Promotion Council (SRTEPC). Undertaken by: ICRA Management Consulting Services Limited (IMaCs) ...Download the Report...       March   23 March 2009   Fiscal and Non-Fiscal issues concerning textiles and textile machinery industry   Textile Commissioner has requested CITI to furnish views on fiscal and non-fiscal issues concerning textiles and textile machinery industry. Chairman, CITI has submitted a note on the CITI’s proposals.   Click here to view     2 March 2009   An interactive meeting of T& C Industry with Ministries of Finance, Commerce and Textiles   An interactive meeting of Textiles and Clothing industry with Ministries of Finance, Commerce and Textiles had been jointly organised by CITI and Centre for Trade and Development (CENTAD) on 2nd March 2009 at New Delhi. The meeting was Chaired by Smt. Rita Menon, Secretary (Textiles), Government of India. Shri Shishir Jaipuria, Deputy Chairman, CITI made a presentation at the meeting.   Click here to view     2 March 2009   Facilities Announced in the Review of Foreign Trade Policy   As per the statement made by the Minister of Commerce and Industry while announcing certain changes in the Foreign Trade Policy last week, the DGFT has issued Notification No. 92(RE-2008)/2004-2009 on 2nd March 2009.The notification stipulates that 2 per cent duty credit scrip under Market Linked Focus Products Scheme (MLFPS) will be granted for specified garments for specified markets.   Click here to view

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