Home / Knowledge / News / Textiles / Budget is acceptable - Visaka Industries
Budget is acceptable - Visaka Industries
Mar '08
Mr. Vallinath
Mr. Vallinath
After the Union Budget of 2008-09, Fibre2fashion contacted Mr Vallinath Senior Vice President Finance of Visaka Industries, to get their comments on yesterday's budget.

"We can say the budget is satisfactory. Most of the sectors like Agriculture, Education, Employees have been benefited. All the more, excise and custom's duty has already been brought down.

It is a good sign that TUF is continuing which is a good sign for the growth, and project import duties has reduced from 7.5 to 5 percent, Central Sales Tax has been reduced by 2 percent.

According to Senior Vice President Finance of Visaka Industries Government should have paid heed to the following points as well:
• They should have reduced corporate tax.
• Reduction in cement prices was required.
• Should support improvement in infrastructure
• Modern Technology should be implemented in agriculture sector.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Textiles | On 22nd Oct 2016

Kazanorgsintez picks Technip’s furnace for ethylene plant

Supplier of technology for petrochemical plants, Technip has been...

Textiles | On 22nd Oct 2016

Clariant start ups PP catalyst plant with CB&I technology

Clariant has started up a new polypropylene (PP) catalyst production...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

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

Pranav Mishra

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search