Home States Andhra/Telangana Budget 2018: textile industry gives lukewarm response to budgetary allocation

Budget 2018: textile industry gives lukewarm response to budgetary allocation

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(G.N.S) Dt. 01 Chennai The Tamil Nadu textile industry has reacted positively to the increase in budgetary allocation to the sector at Rs 7,140 crore but insists that concerns over pending funds under various schemes and erosion of pre-GST incentives still hurt the industry. Finance Minister Arun Jaitley in his Budget speech today allocated the sum for the industry comprising yarn spinners, fabric and garment manufacturers and exporters. Raja Shanmugam,

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