Indian textile units have asked for liquidity support and a one or two year moratorium. Other issues are pending claims under the various rebate schemes; release of TUFS subsidy; reducing the margin money for working capital from 25 to 10 per cent and the debt-equity ratio norm from 1:1.33 for the entire textile and clothing industry; extending the five per cent interest subvention for all textile and clothing export products; slotting recycled PSF under the five per cent GST rate; and enhanced EPF benefits.

The National Committee on Textiles & Clothing (NCTC) is meeting regularly to discuss various issues ranging from fiber to fashion to arrive at a common understanding of both short term and long term policy measures for domestic and international markets.

For the purpose of long term policy measures, NCTC will hire the services of a competent agency to undertake a study and recommend various policy measures to enable the entire textile and clothing value chain covering all types of fibers and products to remain globally competitive and achieve a sustained growth rate, both in the domestic and international markets. Among the measures proposed by NCTC are imposing adequate safeguards on the imports of fibers, yarns, fabrics, readymade garments and used cloths from China, Bangladesh and Indonesia; including the anti-dumping duty in the duty drawback calculation and enhancing the rates appropriately.