RSWM’s Rajeev Gupta Welcomes GST Reform for Textiles

RSWM Ltd.’s Joint Managing Director, Mr. Rajeev Gupta, welcomed the recent GST Council reforms for the textile and apparel sector, emphasizing their transformative potential for India’s economic growth. He highlighted that the new GST structure will improve affordability, ease working capital pressures, and stimulate demand across industries.

For the textile sector, Mr. Gupta said the move is particularly significant, as reducing GST on manmade fibre from 18% to 5% and synthetic yarn from 12% to 5% will strengthen domestic manufacturing, enhance competitiveness, and drive higher consumption. He also welcomed the revision of the apparel GST slab, which raises the limit from ₹1,000 to ₹2,500 — a change expected to boost garment and apparel demand and open new opportunities across the value chain.

Mr. Gupta further pointed out that harmonizing GST on recycled polyester fibre and its raw material PET bottles (currently at 18%) remains a critical next step to unlock the full potential of circular textiles. He reaffirmed RSWM’s commitment to sustainable innovation, expanding domestic production, and contributing to India’s vision of Viksit Bharat @2047.