Business
Firm Wants Review Of Indian Textiles Ban
The Joint Director of Indian Synthetic and Rayon Textiles Export Promotion Council, Mr Srcijib Roy has urged the Federal Government to “favourably’’ review its ban on Indian textiles.
Roy made the appeal while speaking in an interview with journalists in Lagos.
He explained that lifting of the ban would promote favourable business environment for Indian textile producers and their Nigerian buyers.
He said “we understand that the Nigerian government has lifted ban on some other products which were banned in the past, stressing that “We are also calling on the Nigerian government to favourably review its ban on importation of textiles from India,’’.
Roy said that the lifting of the ban would also strengthen trade and investment between both countries in the years ahead.
He decried the current tariffs being charged at points of entry of smuggled textile products into Nigeria.
The council’s chief said that the removal of such restrictions was the only way to realise both countries’ recently signed Memorandum of Understanding on textiles development partnership.
He said “Nigeria and Indian have over the last decades enjoyed good socio-economic and cultural relations, stressing that “But the ban on Indian textiles in Nigeria, if removed, will strengthen our relations. “We are earnestly looking forward to seeing the Nigeria government, creating the right environment for more of textiles to be in its markets.
“This is not to say we are going to take over the Nigeria textiles markets, but to come and mutually partner with our Nigeria partners,’’ he said.
Roy expressed satisfaction with the large turnout and interest of Nigerian traders in Indian textiles during the two-day textile exhibition in Lagos recently.