;
Home / Knowledge / News / Textiles / Budget has let us down, feels CLE Chairman
Budget has let us down, feels CLE Chairman
03
Mar '08
Mr Mukhtarul Amin
Mr Mukhtarul Amin
After Union budget 2008-09, Mr Mukhtarul Amin, the Chairman and Managing Director of Superhouse Leather Ltd, told Fibre2fashion, “I am disappointed with what ever has come up in this year's budget.”

Further Mr Amin, who is also the Chairman of Council of leather export, said, “We were expecting support of Government, when Rupee appreciation has hit us so badly.”

According to Superhouse Ltd MD, it was essential for the Government to deduct 2 percent on interest rate of term loans and duty free import license which at present is at 3, should have been at 5 percent. Central excise duty on components should come down to 5 to 10 percent. Incentive for footwear industry is reduced a mere 2 percent, which at present is at 16 percent, has come down to 14 percent.

Talking about footwear industry as a whole, the Chairman of CLE said, “We were expecting to earn $7 billion by 2011, but looking to the budget, this seems quite impossible.”

Fibre2fashion News Desk - India


Must ReadView All

ILO, Sweden to promote decent work in Asian garment sector

Apparel/Garments | On 19th Dec 2018

ILO, Sweden to promote decent work in Asian garment sector

The Swedish International Development Cooperation Agency (SIDA)...

Courtesy: Ikea

Apparel/Garments | On 19th Dec 2018

Ikea to generate 10,000 jobs in Maharashtra over 3 yrs

Swedish furniture company Ikea is planning to hire 10,000, both...

Indonesia signs trade deal with 4 European countries

Apparel/Garments | On 19th Dec 2018

Indonesia signs trade deal with 4 European countries

Indonesia recently completed talks for the Comprehensive...

Interviews View All

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


December 2018

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

news category


Related Categories:

Advanced Search