INDIA: Mixed Reactions To New National Textile Policy
There were mixed reactions to the Indian government's recent National Textile Policy from two industry organisations. The Indian Cotton mills Federation (ICMF) welcomed the policy, saying that it would encourage competitiveness. The All-India Modern Textile Processors Association (Aimtex) was unimpressed however, and said that it did not give adequate direction to the industry.Aimtex president, Mr A Mohan, said that although the government had finally realised the need to encourage integrated textile complexes in the private sector, it had given no concrete proposals to promote the textile processing sector. Aimtex said that the proposal to dereserve the garment sector and remove the FDI cap was a useful one, but 100 per cent FDI in the garment sector was not desirable. ICMF was more positive about the policy. Mr B K Patodia, chairman, said it had several welcome features such as raw material availability for the textile industry at internationally competitive prices, the modernisation of spinning, weaving, and processing sectors, and the rationalisation of fiscal structure.
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