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>Government Must Rationalise Excise Duties On Synthetic Fibres And Filament Yarns - Such As Asf, Psf, Vsf - Pfy, Nfy And Nfy
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Government Must Rationalise Excise Duties On Synthetic Fibres And Filament Yarns - Such As Asf, Psf, Vsf - Pfy, Nfy And Nfy
Government of India must rationalize the excise duties on synthetic fibres and filament yarns, such as acrylic staple fibre, polyester staple fibre, viscose staple fibre, polyester filament yarn, nylon filament yarn and viscose filament yarn. The world textile and clothing trade, which is estimated at US$ 480 billion, is expected to grow to USS 700 billion by the year 2012. Government of India, Ministry of Textiles has targeted to achieve a textile and apparel output of US$ 115 billion by 2012. India can achieve this target, but it is imperative to bring down cost of textile products drastically, through a combination of numerous policy measures by the Government of India. In order to achieve such a target, it is essential to have raw materials cotton and fibres for such production.
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