The Confederation of Indian Industry (CII) has made a number of recommendations aimed at helping the country's textiles sector to take advantage of liberalised trade following the lifting of export quotas.
In a set of pre-budget suggestions, CII recommends that polyester filament yarn excise duty is dropped to 16 per cent from the present 24 per cent, with duty on other manmade filament fibres and yarns being halved from 16 to 8 per cent.

CII says that the forthcoming governmental budget should further strengthen fiscal policy support for the revitalisation of the textiles industry.

India is one of the countries predicted to see big gains now that quotas no longer apply, and is already one of the strongest players in the international textiles and garments market.