The 5th TAG meeting, attended by prominent government officials and industry leaders including Minister for Textiles Giriraj Singh, took place today, focusing on the textile industry's growth and challenges. The meeting aimed to achieve the total textile trade target of $350 billion by 2030.
Key issues discussed included:
Raw material shortage: The industry faces a severe shortage of PTA, a basic raw material. The government acknowledged the issue and will address the price difference and shortage.
Illegal imports: The industry requested restrictions on illegal knitted fabric imports from China. The Textile Minister agreed to consider the proposal. Re-export policy: The industry sought an extension of re-export days from 180 to 540 for imports under advance licenses.
Custom duty protection: The industry requested protection for value-added products to boost domestic production.
Pending state TUF dues: The Maharashtra State Textile Minister was urged to release long-pending dues.
The meeting was marked by open and interactive discussions, with all stakeholders sharing their viewpoints. The government officials assured support to address the industry's concerns and achieve the targeted growth.
