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Will Anand Sharma bail out Indian textile sector today?

05
Jun '12
The textile sector hit by a slowdown in its key markets like the US and European Union (EU) will be keenly awaiting the Foreign Trade Policy to be announced today.

The Commerce Minister is expected to announce incentives and subsidies to boost exports for labour intensive sectors like textiles and carpet manufacturing.

Exports of garments alone fell to US $1 billion, down 9.7 percent in the month of April.

Fibre2fashion News Desk - India


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