Home / Knowledge / News / Textiles / Mr Mukund Chaudhary of Spentex calls budget neutral
Mr Mukund Chaudhary of Spentex calls budget neutral
17
Mar '12
Mr Mukund Chaudhary
Mr Mukund Chaudhary
“I would say it is a neutral kind of budget, and it did not meet my expectations”, said Mr Mukund Chaudhary of Spentex Industries Ltd.

“There's not much for the textile industry. We had requested for the waiver of duty on branded apparels which has apparently not happened. It has only been reduced to 3.6% in totality.

“We had also requested for abolishment of excise duty on man-made fibre. But apparently it has gone up from 10% to 12%. Apart from this, there was nothing else in the budget.

“We have been demanding parity in duty between man-made fibres and natural fibres, since a very long time. My only hope on the budget was for this point, which too has not been accepted”, a dejected Mr Chaudhary told fibre2fashion.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Textiles | On 28th Feb 2017

Over 100 exhibitors expected to participate in IATF

Over a 100 exhibitors are expected to showcase their products at the...

Apparel/Garments | On 28th Feb 2017

Q4FY17 operating income drops 8% at L Brands

Operating income at apparel brands marketer L Brands decreased 8 per...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search