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Lukewarm response to textile package
Tamil Nadu textile industry has reacted positively to the increase in budgetary allocation to the sector at Rs 7,140 crore but insists that concerns over pending funds under various schemes and erosion of pre-GST incentives still hurt the industry.
Special package for knitwear in 2 months!
The knitwear sector of India will get a special package in about two months’ time, according to a government official. The industry can expect the package to ensure a level-playing field, considering it faces tough competition from various countries like China due to lack of technology upgrades.
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