Indian textiles minister Smriti Irani on January 29 released 207 Harmonized System of Nomenclature (HSN) codes for technical textiles in Mumbai. The codes would help achieve a sectoral market size of up to ₹2 lakh crore by 2020-21, she said. HSN code is an international commodity description and coding system developed by the World Customs Organisation.
Speaking at the National Conclave on Technical Textiles, Irani said the codes, released to fulfil a long-standing demand of the industry to declare technical textile items as a separate category, are expected to benefit 900 million farmers.Indian textiles minister Smriti Irani on January 29 released 207 Harmonized System of Nomenclature (HSN) codes for technical textiles in Mumbai. The codes would help achieve a sectoral market size of up to ₹2 lakh crore by 2020-21, she said. HSN code is an international commodity description and coding system developed by the World Customs Organisation.#
To monitor import-export data and to provide any fiscal support to the technical textile sector, the first step was to recognize and notify separately the technical textiles items spread from chapter 1 to 99 of the HSN classification book.
In the absence of clear classification of technical textiles, there was confusion and many genuine manufactures were not getting various incentives being allowed to technical textile sector by central and state governments, said an official release.
To help potential investors enter the technical textiles sector, the ministry has set up 11 Focus Incubation Centres (FIC), Irani said at the conclave. The ministry has also undertaken 40 geo-textile projects for roads, water reservoirs and ensured that farmers embraces agro tech at 54 agro tech demonstration centres.
“We have already trained over 22,000 Indians only in this area of technical textiles in the past 3-4 years,” she said.
The ministry had constituted a committee under VK Saraswat to recommend a research and development plan for the growth of the technical textile sector she said.
An Innovation Centre for Technical Textiles will be set up in New Delhi next month, with industry support, she said.
Five hundred and thirty prototype samples in technical textiles have been developed within the ministry’s sphere in the past four years, she added.
Textiles secretary Raghavendra Singh said the ministry has initiated a technical textiles baseline survey to estimate the industry size. (DS)
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