"Extend TUF Scheme" - Indian Technical Textiles Industry Says in Chorus
March 02, 2012 - India
Extension of TUFS, include TUFS in the 12th Five-Year-Plan, reduce inflation, provide incentives and make use of technical textiles mandatory, are some of the budget expectations from Indian technical textiles industry.
Taking an initiative on the budget expectations from the emerging technical textiles industry in the country, the editorial team @ www.technicaltextile.net spoke to a cross section of industry leaders to get their views and suggestions to give a boost to this industry.
In a detailed interview with TechnicalTextile.Net team, Mr. Johann Philipp Oskar Dilo, President - DILO Group,one of the largest nonwovens machinery manufacturer suggests, providing incentives to boost the morale of nonwovens industry in India. He also emphasized on making the import formalities much easier for the emerging industry.
“I have only one wish from the government and that is the highly successful TUF Scheme be continued in to the next fiscal year and also in the next Five year plan”, says Mr. Utkarsh Parikh, MD - Skaps Industries India Pvt Ltd, optimistically.
Mr. AB Telasang,a senior consultant with Gherzi Eastern Ltd wants minimization of customs and excise duty on all technical textiles machinery, components and spares as well as on raw materials like specialty fibers. Alongside, the government should enforce the usage of technical textiles wherever necessary and restore the TUF Scheme in 2012 and also include it in the 12th Five year plan.
Mr. Anant Kanoi, MD – Techfab India expects the pace of investments in the infrastructure, which is the prime driver for the growth of geosynthetics industry, to continue. He also looks forward to specific measures to strengthen the application and use of indigenous geosynthetics manufactured products in Indian infrastructure projects.
Mr. Tushar Patel, MD - Sanrhea Technical Textiles Ltd was of the opinion that, a policy should be drafted which gives special benefits to the MSME sector entering this field. He also wants the government to facilitate the availability of land not too far away from cities at a competitive rate for such entrants, which is a major hurdle.
Mr. Tapas Nandi, Country Head, ITEMA Weaving (I) Pvt. Ltd also seeks extension of TUF Scheme to enhance investments in this sector particularly for new machines and technology. He is of the opinion that, "we cannot compete with other countries like China with old and junk machines". He also recommends bringing legislation for compulsory use of technical textiles in certain areas to give further boost to the industry.
Mr. Yogesh Agrawal, MD – Shri Ambica Polymer Pvt. Ltd wants the government to extend some additional benefits by way of capital subsidies for installing second-hand machines. He also wants the government to keep a sharp eye on mounting inflation as it leads to increase in workers’ wages and in turn hikes up the production costs.
Mr. Narendra Dalmia, CEO - Strata Geosystems (India) Pvt Ltd too seeks relief to the Indian technical textile sector by way of eliminating or reducing taxes.
Mr. RN Doshi, MD – Rajoo Engineers Ltd, India’s first indigenous Spunbond nonwovens machinery manufacturer revealed the requirement of increase in TUF subsidy. “Government should encourage Parks or clusters with nonwoven facilities from raw material to finished products to reduce cost of production and also increase competiveness of Indian made nonwovens product in the export market” he added. He also suggested Govt to consider providing incentives to machinery manufacturers under TUF to encourage manufacturing of Capital Goods for this industry locally and save valuable foreign exchange.
Taking an initiative on the budget expectations from the emerging technical textiles industry in the country, the editorial team @ www.technicaltextile.net spoke to a cross section of industry leaders to get their views and suggestions to give a boost to this industry.
In a detailed interview with TechnicalTextile.Net team, Mr. Johann Philipp Oskar Dilo, President - DILO Group,one of the largest nonwovens machinery manufacturer suggests, providing incentives to boost the morale of nonwovens industry in India. He also emphasized on making the import formalities much easier for the emerging industry.
“I have only one wish from the government and that is the highly successful TUF Scheme be continued in to the next fiscal year and also in the next Five year plan”, says Mr. Utkarsh Parikh, MD - Skaps Industries India Pvt Ltd, optimistically.
Mr. AB Telasang,a senior consultant with Gherzi Eastern Ltd wants minimization of customs and excise duty on all technical textiles machinery, components and spares as well as on raw materials like specialty fibers. Alongside, the government should enforce the usage of technical textiles wherever necessary and restore the TUF Scheme in 2012 and also include it in the 12th Five year plan.
Mr. Anant Kanoi, MD – Techfab India expects the pace of investments in the infrastructure, which is the prime driver for the growth of geosynthetics industry, to continue. He also looks forward to specific measures to strengthen the application and use of indigenous geosynthetics manufactured products in Indian infrastructure projects.
Mr. Tushar Patel, MD - Sanrhea Technical Textiles Ltd was of the opinion that, a policy should be drafted which gives special benefits to the MSME sector entering this field. He also wants the government to facilitate the availability of land not too far away from cities at a competitive rate for such entrants, which is a major hurdle.
Mr. Tapas Nandi, Country Head, ITEMA Weaving (I) Pvt. Ltd also seeks extension of TUF Scheme to enhance investments in this sector particularly for new machines and technology. He is of the opinion that, "we cannot compete with other countries like China with old and junk machines". He also recommends bringing legislation for compulsory use of technical textiles in certain areas to give further boost to the industry.
Mr. Yogesh Agrawal, MD – Shri Ambica Polymer Pvt. Ltd wants the government to extend some additional benefits by way of capital subsidies for installing second-hand machines. He also wants the government to keep a sharp eye on mounting inflation as it leads to increase in workers’ wages and in turn hikes up the production costs.
Mr. Narendra Dalmia, CEO - Strata Geosystems (India) Pvt Ltd too seeks relief to the Indian technical textile sector by way of eliminating or reducing taxes.
Mr. RN Doshi, MD – Rajoo Engineers Ltd, India’s first indigenous Spunbond nonwovens machinery manufacturer revealed the requirement of increase in TUF subsidy. “Government should encourage Parks or clusters with nonwoven facilities from raw material to finished products to reduce cost of production and also increase competiveness of Indian made nonwovens product in the export market” he added. He also suggested Govt to consider providing incentives to machinery manufacturers under TUF to encourage manufacturing of Capital Goods for this industry locally and save valuable foreign exchange.