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Textile (281)

The Union Budget 2013-14 presented by finance minister P Chidambaram today, have cheered the textiles and garments industry immensely. The reason: the government has finally agreed to unanimously remove the excise duty on readymade garments imposed two years ago.    As A Sakthivel, Chairman, AEPC opines, “We thank the FM for accepting the demand of the industry to restore ‘zero excise duty route’ for cotton and manmade sector (spun yarn) at the yarn, fabric and garment stage. We also thank him for accepting the demand of the industry, for which lakhs of workers, entrepreneurs extend their compliments.” Sakthivel also appreciated…
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