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TUFS extension to be helpful to textile, says A R Mundra

28 Feb '07
1 min read

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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