Indian Chambers of commerce and industry urged the government to provide yarn exports - 3% of the subsidies Textile information - Textile net - Textile integrated services

Indian Chambers of commerce and industry ( ASSOCHAM) Recently urged the government in the next budget offer 3% interest to yarn exports, to ensure that domestic products can compete in the global market. The proposal is submitted to the government's indirect pre-tax part of the budget proposals. Industrial chamber of commerce, said the recent raw materials and other input costs soar, making the industry's survival difficult, India plans ( MEIS) Merchandise exports of 2% of the profits be extended to the spinning sector. According to Indian media, over the past three to four years, ASSOCHAM fund technology upgrade program ( TUFS) To pay attention to the issues related to implementation, in demand in the next budget to provide enough funds, in order to take care of the old missing cases and the current in the cost of the plan. Chamber of commerce also urged the government to the tax rate of yarn from the current 40% cut in half, and want to cancel the import tariffs on wool fiber. Our country does not provide subtle level meters and other animal wool clothing wool, must be imported. Chamber of commerce on behalf of the said, adding that the synthetic fiber's goods and services tax ( 销售税) Should be reduced from 18% to 12%, and in the commodity should be exempted from export goods and services tax.