President NITMA, Sanjay Garg pleads for quick notification on ADD on Viscose Spun Yarn originating from Indonesia, Vietnam and China, as recommended by DGTR vide its notification dated 30the December 2020.
Browsing: union budget 2021
On February 1, Nirmala Sitharaman, Union Finance Minister of India introduced the Indian budget for the financial year 2021-22.
Sanjay Garg, President NITMA , welcomed the proposal of Union Budget 2021-22 as the grant to textile and clothing sector is budgeted at Rs 3,631.64 crore which is about 10 per cent higher than previous year’s revised budget of Rs 3,300 crores in 2020-21.
Finance Minister Nirmala Sitharaman began her 2021 budget speech in New Delhi with a quote by Rabindranath Tagore. FM Sitharaman said, “Faith is the bird that feels the light and sings when the dawn is still dark.â€Â
10 per cent import duty on cotton is a severe blow for cotton textile value chain.
SIMA appeals PM for withdrawal.
The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis.
Sanjay Garg, President, NITMA appealed for the urgent need of raising custom duty on manmade yarns from the current 5 per cent to 10 per cent in in the ensuing Union Budget 2021 for the growth and expansion of domestic MMF Industry.