Budget 2021: What's in store for textile industry? : vimarsa

Budget 2021: What's in store for textile industry?


Budget 2021: What's in store for textile industry?
Union Budget 2021: A joint committee of textile industry bodies has asked for government's intervention in removing anti-dumping duty on VSF
Mansi Jaswal | February 1, 2021 | Updated 08:27 IST
Finance Minister Nirmala Sitharaman will present the Budget for 2021-22 on February 1
The textile industry, which is among the hardest-hit sectors due to coronavirus, has urged the government to implement a uniform GST for apparel and to abolish anti-dumping duties on viscose staple fibre (VSF) in the upcoming budget.
A joint committee of textile industry bodies has asked for government's intervention in removing anti-dumping duty on VSF to address its spun yarn availability and price issues. Viscose staple fibre is a key input in the manmade fibre sector.

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