Image: MCCI delegation with Union textile minister Smriti Irani.
Kolkata: THE Merchants’ Chamber of Commerce & Industry (MCCI), a leading business chamber in Kolkata, has voiced its concern to the Union textile ministry over the ever-growing imports of apparel and home-decor textiles from Bangladesh.
The matter was today flagged by an MCCI delegation to the Union textile minister Smriti Irani, who is on a visit to Kolkata. The delegation was led by MCCI president Ramesh Agarwal.
During the interactions with the minister, MCCI urged her to increase the import duty on finished textile items by 15 per cent so to give protection to Indian garment producers from losses because of the cheap imports Bangladesh. The chamber also raised issues pertaining to the anomalies in customs classification and tariff of intimate apparel.
The MCCI delegation pointed out to Irani that many textile units in Bengal are facing a severe cash crunch as they have not received Technology Upgradation Fund Subsidy (TUFS) due to a communication gap between the banks and the textile commissioner office in Kolkata.
This apart, they have requested the minister to facilitate refund of accumulated input tax credit on GST to the textile manufacturers as soon as they get into the preparation of the fabric.