The increased budget allocation for infrastructural developments and the encouragement provided to organized farming in the Budget are all steps in the right direction, says Ujwal Lahoti, Chairman, TEXPROCIL.
However, to promote exports of Cotton textiles, the Chairman TEXPROCIL urged the Government to cover yarn and fabrics under the MEIS and ROSL schemes respectively.
Drawing attention on an existing big challenge, the TEXPROCIL
Chairman said, "We have a situation where, in a cotton surplus country, every year the cotton prices go above International prices from February onwards until the new season, severely impacting our competitiveness.
The Chairman, TEXPROCIL
urged the Government to introduce similar facility at the earliest so that the merchant exporters exporting under Bond/LUT can get IGST free goods from the manufacturers.
The AEPC along with the SRTEPC and the TEXPROCIL
are participating in the Fair.
Amit Ruparelia Chairman for TEXPROCIL
(The Cotton Textiles Export Promotion Council), the India pavilion co-organiser at this season's show was equally as optimistic in regards to the Chinese buyers.