Delhi’s Deputy Chief Minister and Finance Minister Manish Sisodia has said that the textile industry plays a major role in boosting India’s economy and the Central Government must consider this as a potential industry that can help India boost its presence across the world.
“NITI Aayog along with textile traders should work on strategies and policies to address the basic operational and taxation issues being faced by the traders and work on creating maximum employment,” he said while reacting on the GST Council meeting.
In this meeting, Delhi Government along with many others opposed the decision to hike GST on textiles from 5 per cent to 12 per cent and demanded its withdrawal.
He further added that the Central Government should pay special attention to development of textile industry as 4 crore people of the country get employment from it. There are huge job opportunities in this industry. Therefore, while making any policy for the textile industry,the minister said that the Union Government should focus on creating policies to boost job opportunities in this sector.
Delhi is one of the leading apparel manufacturing and trading hubs for the domestic market. Its various markets like Gandhi Nagar, Tank Road, Shanti Mohalla, Seelampur and Tughlakabad are very well known for manufacturing as well as trading of all kinds of garments.
