TEA urges government to introduce PLI 2.0 for textile industry, extend IES, address customs delays

The Textile Association of India (TEA) has reiterated its plea to the Union government to introduce a Production Linked Incentive (PLI) scheme 2.0 for the textile industry, extend the Interest Equalization Scheme (IES), and address the delay in importing woven labels due to Customs Compulsory Compliance Requirements (CCRs).

TEA President Rajan Mittal emphasized, "The delay in importing woven labels due to CCRs is disrupting export schedules and causing significant financial losses for our industry." He urged the Customs Department to reconsider its approach and expedite the clearance process.

The South India Hosiery Manufacturers Association (SIHMA) has also proposed additional recommendations to aid the textile industry. These include extending capital subsidies to units investing in new machinery, establishing a Knitwear Board to support garment producers in Tiruppur, and implementing measures to regulate garment imports from Bangladesh. SIHMA President R K Senthil Kumar stated, "The influx of low-cost garments from Bangladesh is adversely impacting smaller local manufacturers. We need to level the playing field and protect domestic industries."

As the Indian textile industry continues to navigate challenges, the TEA and SIHMA's recommendations offer potential solutions to boost exports, create jobs, and promote domestic manufacturing.