India'S Textile And Garment Industry Will Go Through A Difficult Period.
Anand, Sharma, Minister of Commerce and industry in India, has instructed the Ministry of textiles to negotiate with the Ministry of Finance and the India reserve bank.
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The restructuring plan of the industry.
The restructuring plan will focus on solving the problems of suspension of payment of technology reform fund scheme loans, packing and lending of foreign funds, liquidity assistance, interest rate subsidies for export textiles and clothing, and so on.
Sharma outlined many of the proactive steps taken by the government to solve the decline in the textile industry.
These steps include the resumption of the cotton yarn duty certificate scheme (DEPB), which came into force in April 11, 2011 and incorporated cotton exports into the open general licence category.
limit
Simplifying the registration procedures for cotton and cotton yarn exports, the financial policy for the loom weavers, improving the allocation of the technical pformation fund plan, and approving the new textile garden.
Sharma said: "I hope that the difficult times will soon be over, and that we will be able to make greater progress in the future.
promote
Exports. "
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