Cotton Textiles Export Promotion Council of India’s (TEXPROCIL), recently concluded award ceremony served as a platform of exchange of ideas for improving competitiveness of the Indian Textile sector. 71 awards over 29 categories were distributed by Santosh Gangwar, Minister of Textiles. Manikaran Ramaswami, Chairman, Texprocil discussed the amendments required in country’s trade policy in detail. He stressed upon removal of quantity restrictions throughout the textile value chain, modular draw back calculations and access to international prices for commodities across the value chain. Further, he proposed that incentives must commence from the finished goods and flow up stream with smaller numbers to ensure that at all times Indian products from ‘cotton to yarns to fabrics’ will be available cheaper to Indian value-adding companies and value addition within India gets encouraged and stressed on FTAs with EU, Canada and Australia. Drawing attention to the condition where the cotton prices go above International prices from February onwards, the TEXPROCIL Chairman informed that a revenue positive solution has been developed and will be implemented soon. Manikam Ramaswami further added, “Fortunately, we do not need anything more than an honest implementation of the stated incentive policy. Incentive policy clearly states that incentives will be given to those products that create maximum number of jobs for a given turnover; maximum net foreign exchange earned for a given turnover; freight compensation when exported to distant markets and textile industry is a winner on all three criterion,”