For textile industry, TUFS is beneficial because it will be helpful for further expansion, said A R Mundra, CFO, Bombay Rayon Fashion Ltd, while speaking to Fibre2fashion.
For fabrics like polyesters and yarns duties has been reduced which is a benefit.
Corporate tax will increase due to one percent cess on education.
Textiles concession of 5 percent has been granted and textiles perks have been sanctioned, which will improve the infrastructure and that will further lead to healthy competition globally.
And overall it is a normal budget according to Mundra.
Fibre2fashion News Desk - India
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