India Asked The Government To Stop Financial Subsidies For Importing Textile Machinery From China.

In opposition After inspection Concerned about the import and import of second-hand textile machinery, manufacturers in India asked the government to stop importing financial subsidies to import technology, especially from China.

"The import of second-hand / old looms and cheap Chinese looms is the largest development of the local textile machinery industry," the India Textile Machinery Manufacturers Association (TMMA) said in a pre budget report to the government. obstacle "

It is said that the India Planning Commission observes that no import of second-hand capital goods should be given. subsidy 。

A delegation from the India Textile Machinery Manufacturers Association recently met with textile minister Ma Lan, who proposed to control the importation of unrestricted second-hand textile machinery.

The government should not be involved in technological degradation because technology changes every five years. Such imports should not be included in the technology transformation fund plan.

In the 2008-09 fiscal year, India imported about 1354 second-hand looms.

In the 2011-12 fiscal year budget, the India textile machinery manufacturers association suggested that the distortion should be abolished in the consumption tax structure. It is proposed to levy a uniform 8% consumption tax for all textile machinery. The consumption tax on components and accessories should be less than 4% to promote the development of localization.

At present, the tariff of India textile machinery is about 10%, and the tariff of some special machinery is 4%. The duty of raw materials, accessories and accessories is 8%.

Similarly, in terms of mechanical imports, India has two tariff levels, 7.5% and 5%. The India Textile Machinery Manufacturers Association recommends a unified tax rate of 7.5%. In addition, the tax rate for raw materials, fittings and components should be lower than that of the whole machine.