Textile Commissioner Kavita Gupta has asked exporters to tap the enormous potential in technical textiles as demand is increasing across the world. She also emphasised on the need to reduce excise duty on man-made fibres (MMF) from 12 per cent to 6 per cent.
Gupta, made the recommendations based on discussions with various export promotion councils and traders’ bodies. Yarns made of MMF like polyester and synthetic are in demand, points out Gupta. At a meeting with Tirupur Exporters' Association in Tirupur Gupta said the revenue of the garment sector would increase manifold, if garment manufacturers from Tirupur, whose exports have crossed Rs 20,000 crores, enter the technical textile space.
She further stated that the government has adequate funds to promote innovative products. Besides, Gupta urged industrialists to come forward and use the funds to develop newer products.
