New Delhi, Jan 22 (UNI) Exporters from Delhi in the textile sector seeking budget support and tax refunds to tide over the crisis of a hardening rupee will have to wait further as the Delhi Government does not seem keen to take any fiscal measures.
''It does not seem to be a crisis and if it does develop into one, then duties like the sales tax will be refunded by the government,'' Delhi Chief Minister Sheila Dikshit said while inaugurating the 40th edition of India International Garment Fair (IIGF) here.
Speaking to reporters Ms Dikshit said she hopes the appreciation of the rupee against the greenback is a passing phase and the industry is resilient enough to withstand it.
Organised by the Apparel Export Promotion Council (AEPC) the fair is scheduled to being held till January 24.
Through the fair, the council is providing exporters an opportunity to meet prospective buyers and buying agents under one roof, a platform to launch new apparel collections to international buyers and to enhance Indian garment exports.
The fair has representation from all major knitwear garment associations in the country.
''Garment is a major part of our exports and the largest in the textile sector. However, the industry must see that the internal market is not overlooked,'' Ms Dikshit said.
The young in the country has taken to global dressing in a big way and there is a huge market here, she added.
The Indian textile export is at Rs 36,000 crore and has the potential to grow above 30 per cent annually. It employs 25 lakh workers directly and has the potential for a fresh investment of Rs 40,000 crore.
This year's fair is spread across a net area of 14,500 sq metres and has 270 exporters participating.
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