India’s power loom weavers and business owners want the current GST rate for power loom trading to be retained at five per cent. They say, any change would negatively affect their bussiness. Instead the power loom sector hopes for more assistance and a stable tax rate. Many power loom manufacturers are small-scale businesses. Weaving units have also asked for release of funds under the Technological Upgradation Fund Scheme and say delay in release of these funds could hamper their expansion plans, which are meant at generating thousands of jobs.
The Powerloom Development and Export Promotion Council (Pdexcil) acts as a bridge between the government and the power loom industry. It organizes buyer-seller meet-cum-exhibition events in India as well as in places like China, Dubai, Sri Lanka as well as Germany. The participation of power loom entrepreneurs in these international events supports them in their export activity. Under skill development programs intended to provide skilled workers to the textile industry, Pdexcil has almost completed its target by successfully completing training of 1,297 candidates in the main phase and another 90 under the additional allotment for SC/ST candidates. Pdexcil also enrolled 223 power loom workers under the group insurance scheme and also facilitated exposure visits covering 977 weavers.
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