Home / Knowledge / News / Textiles / Encouraging budget for textile, says Tayal, Chairman, KSL

Encouraging budget for textile, says Tayal, Chairman, KSL

28
Feb '07
Mr Saurabh Kumar Tayal, Chairman, KSL
Saurabh Kumar Tayal, Chairman - KSL Realty & Infrastructure Ltd, gives his post-budget comments to Fibre2fashion.

According to Tayal, the budget was encouraging. It was good for the entire industry, as far as the textile industry concerned. Regarding TUFS is one of the major announcements.

Provision of textile parks which have been extended to 180 to 4.25 crore.

Announcement of 26 textile parks.

Central sales tax which has been reduced to 3 percent is also welcoming.

Introducing national goods and service reduction in duty of polyester, fiber, yarn from 10 to 7.5 percent is good.

Raw material duty has also reduced from 10 to 7.5 percent would prove to be benefit to the industry.

When asked about how Indian textile industry will be able to trade globally across world, Tayal replied that they are in a very bullish for Indian textile industry.

In textile they get 5 percent subsidy so they can become comparable for world, i.e. if they invest 10 percent in the textile world market, they are getting 5 percent subsidiaries so Indian industry will have to invest upto 5 percent only as there is subsidiaries available for rest of 5 percent. This proves benefits to Indian industries.

Thus we can compete in the world market. We will able to generate more exports, more employment will generate good foreign investment.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Oct 2021

US reaches multi-country agreement on Digital Services Taxes

The US has reached an agreement with Austria, France, Italy, Spain...

A portion of globe showing location of Myanmar in Asia. Pic: commons.wikimedia.org/ Valegos Mangenuit

Textiles | On 27th Oct 2021

Myanmar heading towards economic crisis

The southeast Asian nation of Myanmar, which saw military junta...

Pic: Shutterstock/I Love Coffee dot Today

Apparel/Garments | On 27th Oct 2021

Cambodia’s garment exports up by 11.4% in Jan-Sept 2021

Cambodia exported $8.2417 billion worth garments between January and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2021

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


Advanced Search