ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Synthetic Fibres Synthetic Fibres

THE government's new textile policy an-nounced on June 6 aims at providing a boost to the consumption of man-made and blend-ed cloth by lowering the prices of such cloth. Towards this end the policy statement pro-poses that "(a) creation of capacity by new units and expansion of capacity by existing units for production of synthetic fibres/yarn would be so determined as to realise econo-mies of scale in order to reduce costs of pro-duction; and (b) fiscal levies on man-made fibres/yarn and on the intermediates used as inputs for the production of such fibres/ yarn, shall be progressively reduced in such a manner as to facilitate absorption of in-creased domestic production so that the benefit flows to the consumer in the form of lower prices of synthetic and blended fabrics".

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