SME Times is powered by   
Search News
Just in:   • India-New Zealand are working toward early conclusion of trade agreement: Piyush Goyal  • Assembly polls: Bihar records 13.13 per cent voter turnout in first two hours  • Panel formed to finalise new wage pact for TN's Tiruppur knitwear workers  • India 2nd in consumer demand of gold globally, RBI reserves rise to 880 tonnes  • Piyush Goyal to reach New Zealand tomorrow to speed up trade talks 
Last updated: 04 Jan, 2022  

Goyal.9.Thmb.jpg Minister hails deferrment of increase of GST slab for textiles sector

Goyal.9.New.2.jpg
   Top Stories
» India-New Zealand are working toward early conclusion of trade agreement: Piyush Goyal
» Panel formed to finalise new wage pact for TN's Tiruppur knitwear workers
» India 2nd in consumer demand of gold globally, RBI reserves rise to 880 tonnes
» Piyush Goyal to reach New Zealand tomorrow to speed up trade talks
» PM Modi inaugurates ESTIC 2025, launches Rs one lakh crore RDI Scheme Fund
SME Times News Bureau | 04 Jan, 2022

Union Minister for Textiles Piyush Goyal  has said that Industry and Government  are partners in India’s growth story & now, is the time to be a Global Champion in Textiles by taking up bigger & bolder targets.

Interacting  virtually with the leaders of Textile Industry in India, today, Goyal stated that in this period of the Azadi ka Amrit Mahotsav, we must all collectively put forth our efforts in one direction to realise our goals.

Goyal asked the Textile industry to  work  for  achieving the target of  $ 100 billion exports in a quick time.

Thanking the Pime Minister Narendra Modi  and  Finance Minister for the decision to   defer the increase of tax slab from 5% to 12%  for Textiles, taken in the 46th meeting of GST council, Goyal said that this is a new year gift for the Textile Industry. He added that  the requests of industry stakeholders was considered in present challenging times when the sector is on the path of recovery. 

He also expressed his gratitude to  the textiles leaders who remain   connected   with  the  Ministry  with all their  grievances regarding raising the GST slab in MMF segment.

The Minister mentioned that under Prime Minister, the textile sector has received a new boost to achieve Speed, Skill & Scale.  He emphasized  that to make India Aatmanirbhar, we need to make our Artisans, Weavers, Farmers & MSMEs Aatmanirbhar.

Talking about  several transformational reforms to realise vision of an Aatmanirbhar Bharat & solidify India’s position on the Global textiles map, the Minister  said that  step by step we have  strengthened textile ecosystem of the nation to fully utilise our competitive & comparative advantage. 

He said from weavers to women entrepreneurs, every segment has been empowered by these steps.

Goyal called upon the Textiles Industry Leaders to send suggestions for improving and developing the sector further.  He also said that   collectively with Subka Saath, Subka Vikas, Subka Prayas and Subka Vishwas    we will surely achieve all of our targets.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹88.70
₹87
UK Pound
₹119.90
₹116
Euro
₹104.25
₹100.65
Japanese Yen ₹59.20 ₹57.30
As on 30 Oct, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter