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Union Textile Minister hails budget 2008-09

29 Feb '08
2 min read

Besides, the establishment of 30 integrated textile parks will prove to be a blessing. Of these, nearly 20 units in four parks have commenced production ensuring employment generation for nearly 15,000 people.

This apart, the development of 250 clusters for the handloom sector was received with open arms. However, as part of his post-budget project, Mr Vaghela, expects the segment to rally towards the achievement of 7 percent interest rate on infrastructural loan. Mr Vaghela strongly believes that exporters can also anticipate a positive outcome and growth from the budget, which is, on the whole, an acceptable one.

Fibre2fashion, News Desk - India

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