• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow

Budget disregards issues in textiles - Nitin Spinners

01 Mar '08
1 min read

After the Union Budget of 2008-09, Fibre2fashion contacted Nitin Spinners' Chairman Mr R L Nolkha, to get their comments on budget.

Mr Nolkha asserted, "This buget seems to be focusing on the elections and is a populous one. It is a disappointing budget for textile as the industry has been highly neglected, eventhough it has been facing severe recession."

Chairman of Nitin Spinners, further expressed unhappiness, saying, "Finance Minister should have tried to at least cover the interest on subsidy in TUFs, which has backlog of almost a year. Meanwhile, duty drawback also should have been taken into consideration and modified accordingly."

Giving a different direction to the issue Chairman opined that since textile is the second biggest employer country, only after agriculture, some incentives should have been provided to the industry.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search