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.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...