It’s not that a tax waiver or a low rate of tax is everyone’s choice. The input tax credit (ITC) facility, which will be the hallmark of the proposed goods and services tax (GST), has several industrial segments pitching against their potential exclusion from the tax regime while some other askin…
Tag: DK Nair
Powerloom sector to get govt support for marketing & tax benefits
A mega package for the powerloom sector is in the works, focused on upgrading units. The package will include social welfare schemes, insurance cover and cluster development of power looms. This would be the second in a series of incentives for the textile sector, after a Rs 6,500 crore package a…
India plans roadshows for promoting textile exports to new markets
Plummeting textile exports have prompted India to look outside traditional markets and tap the ones being served by competitors such as China. The Textiles Ministry is planning to do roadshows to promote Indian textiles in the new markets, officials said. “We used to hold roadshows earlier and we…