Indian Union Textile minister Smriti Irani assured the textile industry of Surat that issues related to GST are being seriously addressed in association with the Finance ministry.
According to her the textile businessmen facing issues with refund under Integrated Goods and Services Tax (IGST) would be heard at special camps being organised by the Finance ministry.
Irani stated that, the Finance Minister took up the issue seriously and assured that the arrangements for the refunds of IGST will be made soon.
She further added that in the last three years of UPA government, under PM Narendra Modi’s leadership, 110 projects have been sanctioned in Surat, in which Rs 34 crore have been released while Rs 57 crore have been approved. For machinery upgrade, a Rs 61 crore subsidy was released by government in 2014-15, Rs 92 crore in 2015-16, Rs 199 crore in 2016-17 and Rs 83 crore in 2017-18. Over 2,900 applicants from Surat, had applied for this.
According to her the capital funding in technical textiles had also been increased with an intention to allow the local businessmen to snatch the opportunity of indigenous manufacturing instead of relying on importing the items.
