Irani took to the microblogging website Twitter to say that an outlay of Rs 1,555 crore announced in the budget for remission of state levies will greatly benefit exports in garments and made-ups segment.
She also said in one of her tweets that this is the first time when the Union Budget has provided Rs 200 crore under PM Paridhan Rojgar Yojna to boost employment in garmenting sector.
Regarding the decrease of 2.5 per cent in custom duty on nylon mono filament yarn, Irani said that it will have a positive impact on fishing net export market.
She also said that the reduction in corporate tax for MSME units with turnover of less than Rs 50 crore will benefit a large number of textile units. (KD)
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