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Good in part!
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.
ATUFS, Arun Jaitley, Cotton Textiles Export Promotion Council, Apparel Export Promotion Council, HKL Magu, T T Limited, Yarn And Fabric, Elgi Equipments, Jairam Varadaraj, GHCL, Spykar Lifestyle, Arun Roongta, Texzone India, Aviation Turbine Fuel, Southern India Mills Association
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Budget spin-offs LIFT HOPES
Budget measures like corporate tax cut for MSMEs, plan to set up 100 international skill centres, and support to cluster approach for contract farming have brought cheer to the textile industry. An ITJ Report on the pros and cons of the Budget 2017-18.
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