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THE TEXTILE MAGAZINE
AUGUST 2011
A delegation of the Denim Manu-
facturers Association (DMA) led by
Mr. Sharad Jaipuria, Managing Direc-
tor, Ginni International, along with
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Industries, Mr. Rajiv Dayal, Manag-
ing Director, Mafatlal Industries, and
Mr. Mayank Jain, Director, Malwa
Industries, met the Textiles, Industry
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Sharma, on July 19.
Mr. Jaipuria made a presentation to
the Minister and gave him an over-
view of the denim industry, produc-
tion capacity, export potential, do-
mestic sales, etc. The industry, with
its great potential, can expand and
increase its market share in exports.
Most of the denim mills in India are
fully integrated and consume about
10 per cent of raw cotton produced
in the country.
Mr. Jaipuria also referred to the
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because of the steep drop in cotton
prices by about 40 per cent, imposi-
tion of 10 per cent duty on branded
garments, withdrawal of 2 per cent
interest subvention, etc.
He urged the Minister to immedi-
ately support the industry with reliefs
like revision of duty drawback rates
from 4.3 per cent to 9 per cent, suit-
able increase in the number of coun-
tries in Africa and Asia for FMS and
MFLPS, an increase in duty credit
scrip from 2 per cent to 5 per cent,
restoration of 2 per cent interest sub-
vention rate, and removal of the duty
on indigo.
denim industry assured of adequate reliefs
The Minister told the delegation
that instructions have already been
given to extend 2-3 per cent interest
subvention to exporters with imme-
diate effect. Duty drawback would be
suitably revised and made more ro-
bust and interactive. Further, export-
ers won’t face any disadvantage on
account of lower duty drawback rate.
The delegation was also told that
the Ministry would look into the
question of removal of duty on in-
digo.
The delegation also met Mr. Rahul
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Rita Menon, Textiles Secretary, and
Mr. A.K. Poojary, DGFT, and sub-
mitted a memorandum on the denim
industry.
The denim delegation members who met the Union Minister are (from left), Mr. Mayank Jain, Director, Malwa Industries, Mr.
Rajiv Dayal, Managing Director, Mafatlal Industries, Mr. Y.C. Gupta, CEO, LNJ Denim, Mr. Sharad Jaipuria, Managing Director,
Ginni International, Mr. Anand Sharma, Minister for Textiles, Industry and Commerce, Mr. Akhilesh Rathi, CEO, Bhaskar
Industries, and Mr. S.K. Gupta, CEO, Raymond
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