After Union budget 2007-08, Mr Anil Agrawal, CFO of Shivalik Global Ltd, told fibre2fashion that current budget is moderate and progressive.
He told that finance minister has limitation to square up the benefits as at one hand he provides relaxation in excise duty and on the other hand there is an increase in dividend tax, leading to increasing in corporate tax.
He was also satisfied with extension of TUFS, which will assist in establishment of new ventures.
“Now company will plan for expansion and modernization according to latest trend of the market. Government has done very nice job on textile industry as India is second largest cotton growing country in the world”, he added.
He expects boom in textile industry and increase in the investment by the sector.
Fibre2fashion.com News Desk-India
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
