FM fails to impress garment industry, leaves it confused, Retail News, ET Retail

Davida Erdahl

Union finance minister Nirmala Sitharaman

Ludhiana: The textile and garment sector is not in a joyful temper as is the engineering sector. Inspite of finance minister Nirmala Sitharaman claiming to have presented reduction to the sector by announcing 7 mega textile parks in the state and decreasing simple customs obligation premiums on nylon fibre and yarn, caprolactam and nylon chips to 5%, the businessmen reported it was far too early to say if these decisions ended up in their favour.

Nonetheless, they ended up of the feeling that general it was a satisfactory Spending budget, although their sector was neglected and concrete methods should really have been taken to address their issues.

A upset Harish Dua, govt council member of Clothing Export Advertising Council (AEPC), reported, “The garment and textile sector is the biggest employer in the state and Punjab as well. How will environment up of textile parks benefit

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