Home / Knowledge / News / Apparel/Garments / 'Nothing exciting about budget' - Mr Dhingra, Orient Craft
'Nothing exciting about budget' - Mr Dhingra, Orient Craft
Mar '12
Mr Sudhir Dhingra
Mr Sudhir Dhingra
“To be honest, I did not find anything exciting in the budget. The excise duty has been slightly reduced but VAT and Service Tax has been increased”, said, Mr Sudhir Dhingra of Orient Craft.

Orient Craft is one of the biggest multi-locational apparel manufacturer and exporter.

He added, “All said and done, our industry is sensitive to major changes; it is not sensitive to minor changes. I don't see too much negative or too much positive in the budget. It is more or less neutral.

“I think it represents the shape of the government. They don't have the mandate to do radicals things which are badly required by the country. But we cannot blame the government. We the people are to be blamed who don't make a clear choice and are so divided as voters.

“The garment prices would not change much for the consumers. Today, the garment prices are dictated not much by the excise duty or tax rates, but are determined by the market.

“All in all, the budget was disappointing. I expected some big ticket changes so that the economy takes off. They could have done something to attract investments. FDI has not been encouraged”, he signed off by saying.

The interest rates are extremely high as compared to international standards so we are nowhere competitive. Our international competitors borrow money at 3-4% interest while, we are borrowing money at 11-12% which makes it all the more difficult”, he winded up by saying.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search