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Web Exclusive | July 2014

A balanced Budget

BK Mishra, CMD, Cotton Corporation of India Ltd

The Modi government’s maiden budget was a balanced one and they did a commendable job with the time constraints they had. It is a right mix of economic stimulus and addressing the needs of the common man.

We also welcome government’s Rs 200 crore budgetary support for setting up six textile mega clusters at Bareilly, Lucknow, Surat, Kutch, Bhagalpur, Mysore and Tamil Nadu, which is a positive for the sector.

With the government allocating Rs 30 crore and Rs 50 crore respectively for setting up Hastkala Academy for the revival of the handloom/handicraft and Pashmina Promotion Programme, the government seems keen in promoting the skills of the country’s local talent, which is a good sign.
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