Indian Textile rejoices over duty-cut and fund flow
Latest update says, polyester and cotton are up on the level-playing duty turf and so the industry is expecting major benefits in the coming year’s right after the decision made by the Finance Minister for cutting key duties and enhancing the allocation for the technology up gradation fund in the 2006-07 Budget.
GEA: Rising allocation of TUF will be attracting investments
Increasing allocation for Technology Up gradation Fund and provision for Scheme for Integrated Textiles Parks in the Budget '06, will promote investments in the textile industry.
POY manufacturers unhappy with the recent budget
Reduction in excise duty upto 8% from 16% has pleased the textile industry, but in contract to it the polyester yarn (POY) manufacturers based in Surat are uncertain about the getting benefited in near future.
Mills at Surat boosted by Budget 2006
Major portion of Surat started merry making when finance minister P Chidambaram came up with his budget speech on on February 28......
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