Texprocil lauds India stimulus measures
December 9, 2008,
In addition, the package includes a 2% interest rate subsidy on bank loans to some businesses, including textiles companies.
Texprocil noted its chairman, Shri V.S.Velayutham, would still like to see the government ease liquidity concerns among exporters by increasing duty drawback. The council noted China increased export tax rebates from 14% to 17% in late November.