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Industry associations meet Union Textiles Secretary Kiran Dhingra

Different industrial associations met Union Textiles Secretary Kiran Dhingra on her visit to the city today.

Written by Raakhi Jagga | Ludhiana | Published: July 31, 2012 3:12:42 am

Different industrial associations met Union Textiles Secretary Kiran Dhingra on her visit to the city today. The associations discussed their problems with her. The Technology Upgradation Fund Scheme (TUFS) was the main issue of medium and small units. Knitwear Club members noted that from the allotted funds for TUFS,a minimum 50 per cent should be kept reserved for the SME sector as the corporate (spinning mills) and organised units take the maximum benefit out of it. By the time SMEs are ready after documentation,funds for them lapse.

“Moreover,10-year-old reconditioned power loom and processing machines are kept under the benefits of TUFs. We request you to provide the same benefits to knitting machines too as SME units are already in a financial crunch and it will further resolve the problem of labour shortage,” said Knitwear Club Chairman Vinod Thaper.

The members pointed out that the 18.9 per cent customs duty on textile machinery makes the machines costly and that there is no corresponding duty in Bangladesh.

There is,thus,no level playing field between India and Bangladesh,So the government should provide the same pace to Indian units to stimulate healthy competition,they noted. The associations demanded exemption from the excise duty that was imposed in 2011 in the general budget.

The industrialists also requested the secretary to intervene in getting bank interests reduced for the MSME sector.

They asked for more skill development centres,where services from foreign experts should be arranged so the industry can get the guidance.

Those present on the occasion included Chief Minister Parkash Singh Badal’s Industrial Advisor Kamal Oswal,Federation of Knitwear,Textile and Allied Industries Associations (FEKTAA) President and Knitwear Club Chairman Vinod Thapar,Knitwear Club Finance Secretary Harish Kairpal,Sanjeev Gupta of APPEAL,Shingora Shawls Chairman Amit Jain,Munish Avasthi of Sportking Group,B C Nagpal of Nagpal Exports and Ajit Lakra.

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