Textile Sector – Cotton, Jute, Wool, Silk, Handloom, etc.

FICCI moots measures to boost textile sector



 

  1. Suggesting that India could capitalize on China’s decision to decrease export driven model of economy, FICCI suggested Fin Min to invest in textile sector.
  2. FICCI batted for an increase in funds under Technology Upgradation Fund Scheme (TUFS) and interest subvention for exporters.
  3. They also suggested a reduction in taxes and duties for exports in textile sector believing that revenue loss on this account will be compensated by an increase in consumption.

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