Punjab Hosiery Industry Seeks Ban On Under-Billed Import Of ...| MENAFN.COM

Thursday, 09 February 2023 11:40 GMT

Punjab Hosiery Industry Seeks Ban On Under-Billed Import Of Cloth From Bangladesh And China

(MENAFN- KNN India) Punjab Hosiery industry seeks ban on under-billed import of cloth from Bangladesh and China

Ludhiana, Jan 25 (KNN) The Punjab hosiery industry has urged the government to take steps to stop under-billed import of cloth from Bangladesh and China.

The textile and hosiery industrialist are worried over the dominance of Bangladesh and China in the Indian market. The local manufacturers are concerned over the regular, under-billed import of cloth, finished product and machinery from other countries, according to a report in the Tribune.

Speaking with The Tribune, President of Knitwear Club and Ludhiana Wool Manufacturers' Association, Darshan Dawar said, till date, only tall claims of bringing new industrial policy had been made and the industry was yet to benefit from any policy.

“The government is not taking any steps to stop China and Bangladesh from sending under-billed products. Their dominance has ruined the Indian market,” he said.

Dawar pointed out that Chief Minister Bhagwant Mann is today going to other states, asking businessmen to invest in Punjab, but he should take steps to save the local industry first.

“Machinery and products worth crores of rupees are being imported from other countries and local manufacturers are suffering,” he added.

Sudershan Jain from Oner said the local industry was never being taken into confidence before coming up with any new policy.

“The Production Link Investment Scheme, which is meant for bigger industries with investments of over Rs 100 crore, should also be introduced for smaller industries with investment of up to Rs 50 crore. GST should not be increased and the government should take our suggestions before announcing the budget,” Jain said.
(KNN Bureau)


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