Live Breaking News & Updates on ஜவுளி ஏற்றுமதி ப்ரமோஶந் சபை
Stay updated with breaking news from ஜவுளி ஏற்றுமதி ப்ரமோஶந் சபை. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Textile sector hails continuation of taxes, levies rebate scheme thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Extension of rebate to boost exports: Texprocil - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The textile industry welcomed the setting up of 7 mega textiles parks proposed in the Union Budget 2021-22, saying this will make the industry globally competitive, but the imposition of a 10 per cent basic customs duty (BCD) on raw cotton will increase the domestic prices. The Mega Investment Textiles Parks (MITRA), under which seven textile parks will be established over a period of three years, is a positive step that will enable the industry to become globally competitive, attract large investments and boost employment generation, Cotton Textiles Export Promotion Council (TEXPROCIL) Chairman Manoj Patodia said. He stated that the Budget has proposed to reduce the basic customs duty on caprolactam, nylon chips and nylon fiber and yarn to 5 per cent, which will encourage the growth of the Man Made Fibre (MMF) sector especially the MSMEs. ....