Home / Knowledge / News / Textiles / Forthcoming Budget - Industry players optimistic
Forthcoming Budget - Industry players optimistic
16
Feb '08
Each year, entire India eagerly waits for the month of February to come to an end as the Finance Minister declares Union budget which plays a decisive role in the country's economic progress.

The Central Budget over the last four years had provided significant relief to the textile industry by way of rationalizing the fiscal duty structure and reducing duties. However, recent rupee appreciation has caused uncertainty on textile and clothing industry's future and players from the sector want intervention of the Government in the forthcoming Budget.

In order to sustain development, textile industry expects the export policies to be more simplified with liberal excise and customs duty structure. Different players have prepared their wish list for the forthcoming budget hoping that it will provide some concessions and help them to achieve their targets effectively for the year 2008-09.

Fibre2fashion, in its attempt to understand the industry expectation from Union Budget, gathered views from important manufacturers of synthetic fibre, fabrics and machineries with respect to policy measures, exemptions on excise, export and import duties.

Dr V G Habbu, Vice President, of Reliance Industries Polyester Sector, stated, “In my opinion, the Government should, in the first place, take note of the new REACH regulation that has come into effect from 1 June 2007, in Europe. This will have long term impact on the exports to Europe. Hence, fiscal and institutional support is a must for chemical industry in general (and Textile industry in particular) for complying with REACH.”


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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