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Textiles encouraged by Budget 2007-2008, Toshniwal

28
Feb '07
R L Toshniwal, Chairman & Managing Director, Banswara Syntex Ltd, is satisfied with the Budget 2007-2008 as he has quoted in his expectations earlier, he is happy for the announcement of continuity of TUFS and export duty reduction from 10 to 8 percent on Fibres & PY.

However exise duty reduction has not been according to his expectation for which has disappointed him slightly. But still on the whole, the Finance Minister through his budget has definitely encouraged Textiles Sector.

He appreciates and expects the same encouragement in future too.

Fibre2fashion News Desk - India


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