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SIMA hails measures for textile industry in stimulus package

08 Dec '08
3 min read

Dr Srinivasan has thanked the centre for announcing various monitory policies to strengthen the hands of banking sector and also the industries. SIMA Chief has thanked the centre for having open mind to further announce more packages to sustain the growth rate and global competitiveness.

Dr Srinivasan has hoped that the Government would soon announce the two year moratorium package for the textile industry to avoid NPAs and restore the duty draw back rates which were drastically reduced recently and also enhance the interest subvention to 4% as it was prevailing earlier.

The Southern India Mills Association

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