Latest news with #SouthernGujaratChamberofCommerceandIndustry
Time of India
21-06-2025
- Business
- Time of India
SGCCI submit demands related to QCO
Surat: In a meeting with senior officials of the textile ministry in New Delhi, various demands related to the quality control order (QCO) were discussed by officials of the Southern Gujarat Chamber of Commerce and Industry (SGCCI). The meeting was organised by the ministry, and various stakeholders were invited to discuss issues. The meeting was chaired by the commissioner of textile, M Beena. Representatives from textile machinery manufacturers and user industries from across India, the Confederation of Indian Textile Industry (CITI), SGCCI, and others were present at the meeting. SGCCI was represented by vice president Ashok Jirawala, former presidents Vijay Mewawala and Ashish Gujarati, who submitted recommendations. It was suggested to the ministry that Europe, China, and Japan are the global leaders in textile machinery. To develop the textile machinery industry in India, it is necessary to study two factories each from Europe and China, and one from Japan. The study should cover how these manufacturers determine parameters for textile machinery design, the standard operating procedures they follow for manufacturing, the kind of facilities and locations they have for making machine components, if they have intellectual property protection for their sub-assemblies and components, and whether they have in-house laboratories to test machine performance parameters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Neues Produkt hilft tausenden Deutschen bei Gelenkschmerzen Medizinmonitor Jetzt lesen Undo SGCCI suggested forming a task force to conduct this study, which should include members from the user industry as well. Additionally, to reduce the import of textile machinery, the SGCCI submitted suggestions that 100% Foreign Direct Investment (FDI) approval should be given to top-level global original equipment manufacturers to start manufacturing in India. The central govt should formally invite them. SGCCI further suggested a production-linked incentive scheme should be introduced specifically for textile machinery manufacturing. Research and development facilities of large Indian companies should be leveraged to design world-class textile machinery in India. Manufacturing should take place through joint ventures with Surat's textile manufacturers. GST on textile machinery should not exceed 12%. Regarding impact assessment, the SGCCI stated that any funds utilised for the development of textile machinery in India should be evaluated by comparing the value of machinery developed domestically and the subsequent reduction in imports against the funds spent.
Fibre2Fashion
27-05-2025
- Business
- Fibre2Fashion
India's loom QCO faces industry pushback ahead of deadline
India is set to implement the Quality Control Order (QCO) for weaving machines (looms), their assemblies, sub-assemblies, components, and all types of embroidery machinery from August 28, 2025, following the expiry of a one-year gestation period. Just three months ahead of implementation, the Southern Gujarat Chamber of Commerce and Industry (SGCCI) has demanded the removal of the QCO. It is worth noting that a notification was issued on August 28, 2024, regarding the implementation of the QCO on textile and embroidery machines and their components. The government had provided a one-year period for the industry to make the necessary preparations. India plans to enforce QCO on weaving and embroidery machines from August 28, 2025. The SGCCI has urged the government to withdraw the QCO, citing heavy reliance on imported machinery and potential financial losses. SGCCI argues that the regulation could hinder the textile sector's growth and technological advancement, particularly as India targets a $350 billion market by 2030. Recently, SGCCI vice president Ashok Jirawala and former president Ashish Gujarati presented the matter in a meeting with India's Minister for Heavy Industries, H D Kumaraswamy, and joint secretary Vijay Mittal in New Delhi. They pleaded for the removal of the QCO. The meeting was convened by the Ministry of Heavy Industries and attended by various industry organisations. SGCCI has formally urged the central government to remove the QCO from textile machinery, citing concerns about its potential impact on the sector's growth and technological progress. SGCCI representatives argued that India's current textile market is valued at $165 billion and is projected to reach $350 billion by 2030. To achieve this target, the industry will need approximately 4.5 lakh high-speed weaving machines, requiring an estimated investment of $15 billion. As several of these machines are not manufactured in India, imports are essential. SGCCI also noted that embroidery technology evolves rapidly, with machinery often needing upgrades every two to three years. Since many advanced machines are not produced domestically, Indian entrepreneurs rely heavily on imports. They, therefore, emphasised the need to exclude embroidery machinery from QCO regulations. Gujarati told Fibre2Fashion , 'Such textile machinery imports are essential as several types of machines are not manufactured locally. We are heavily dependent on imported machines. A large number of textile units have opened Letters of Credit (LCs) and booked machines from abroad. If the QCO is not removed and comes into effect on August 28, 2025, the imported machinery will be held at ports, resulting in significant financial losses. Furthermore, banks may hesitate to finance such ventures, potentially slowing industrial growth.' Gujarati further informed that following the presentation, Kumaraswamy and the joint secretary of the ministry responded positively and assured that the concerns of the user industry would be considered. Fibre2Fashion News Desk (KUL)
