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Indian T&A sector seeks friendly budget and incentives for sustainability, traceability

  

The Indian textile industry has a long wish list from the upcoming union budget.

Since traceability and sustainability have become critical for exporting textile and apparel products to western markets such as the UK, the EU, and the US, industry sources and various trade organisations have suggested a scheme for promoting traceability and sustainability in the textile value chain.

Since both of them are new concepts and limited technologies are available, the industry is seeking an incentivisation scheme for both producers and exporters who meet the requirement of traceability of the inputs used, especially cotton, and sustainability i.e. who use technologies that require lower consumption of water and electricity, lower discharge of hazardous chemicals, and ensure at least 20 per cent recyclability of materials used.Industry bodies have also suggested prioritisation of the National Textile Fund, which is mooted by the ministry of textiles with an aim to fund investments in technology upgradation and infrastructure development of the textile and clothing industry.

There is also a strong demand for raising allocation of funds ofRs7,700 crores for disbursement under the TUFS subsidy.After a full year of costlier cotton, the industry has made a pitch for support to tackle price fluctuations in the natural fiber.

 
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