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Buyer Seller Meet ( B2B ) and Exhibition of Powerloom products & textiles inaugurated by the Textile Commissioner Dr. Kavita Gupta, IAS on 26th November 2017 at Dadar (E): shall remain open till 28th November 2017

Published: March 11, 2019
  • Buyer Seller Meet ( B2B ) and Exhibition of Powerloom products & textiles inaugurated by the Textile Commissioner Dr. Kavita Gupta, IAS on 26th November 2017 at Dadar (E): shall remain open till 28th November 2017
  • There are no awareness of government promotional schemes in Powerloom Industry: Only Gujarat &Tamilnadu units are taking maximum advantage of these schemes
  • Apparel Export Target for the current year does not seem achievable due to the reduction in overall incentives

Union Textile Ministry has recently announced Solar Energy Scheme for small powerloom units, on Grid Solar Photo Voltaic Plant (without battery back up) and Off Grid Solar Photo Voltaic Plant (with battery back up),where government will provide Rs. 2.50 lakh subsidy per unit. This will help the unit to pay back bank loans within 3-4 years, after which the unit shall getpractically  free electricity, stated  Textile Commissioner Dr. Kavita Gupta.

She was speaking while inaugurating Buyer -Seller Meet (B2B) and Textile Exhibition organized by The Regional Office of the Textile Commissioner, Navi Mumbai on 26th November 2017. The Fair shall remain open till 28th November 2017 at Kohinoor MangalKaryalaya, Opp. Swami Narayan Temple, Dadar( E), Mumbai.

Dr. Kavita Gupta further stated that Union Textile Ministry and State Government have announced several promotional schemes for powerloom textile industry but there is hardly any awareness to the schemes in the industry. The maximum benefit of these schemes have been taken by the entrepreneurs of Gujarat &Tamilnadu.

There are 25 lakh powerlooms in the country out of which 50% are in Maharashtra. There are 108 powerloom clusters in the country. There are 72 Textile parks.

Mr. Rahul Mehta, President – The Clothing Manufacturers Association of India(CMAI), who was the Guest of Honour, stated that apparel export for the year 2016-17 was 16.8 billion dollars and the target for 2017-18 was 20 billion dollars. However, the export target for 2017-18 will not be attainable and likely to remain at the last year’s level. Recently, the government has raised the incentive rate from 2% to 4% for garments and made ups under Merchandised Exports From India Scheme. (MEIS). In addition government has also increased ROSL rates from 0.9% to 1.6%. However, duty drawback rates have ended on 30th September 2017 and new rates have not been announced. Supposing if duty drawback rates announced are around 2 to 3%, the total incentive will be around 8%, which was 11.50 to 12% earlier.

Mr. PurushottamVanga, Chairman –Powerloom Development & Export Promotion Council (PDEXCIL) informed that CMAI & PDEXCIL have recently entered into MOU for mutual benefits. Under this MOU, they will jointly organize Buyer Seller Meet in Mumbai in January 2018.

Mr. Dhiraj Kothari, President –Mumbai Textiles Merchant Mahajan has stated that the government should create a web portal and include the data of Buyer Seller Meet.

Mr. VinodChothani –Convener of Buyer Seller Meet stated that textile businessmen should offer standard quality, timely delivery and reasonable rates to increase their business.

  • Mr. Naresh Kumar, Director –The Regional Office of The Textile Commissioner, Navi Mumbai gave the welcome address in the beginning of the event and Mr. Sivakumar S. Deputy Director proposed Vote of Thank

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