Ministry of Textiles Aims to Boost Powerloom Sector
The Ministry of Textiles is taking significant measures to enhance the powerloom sector in India. With a new baseline survey planned to assess current market and technological dynamics, various initiatives and policy changes have been implemented, such as GST rate adjustments and reduced tariffs on Man-Made Fibers. The introduction of schemes like the PowerTex India Scheme and the subsequent Textile Cluster Development Scheme aims to increase competitiveness and support ongoing projects within the decentralized powerloom sector.
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