RIDING OUT THE STORM

Apr 11, 2020 2 minutes

APPAREL AND TEXTILES

❱ Textile exports will be hit next few quarters

❱ With lockdown in China, man-made fibre imports to cost more, pushing up prices of finished goods

❱ 10-12% dip in textile/ apparel production

❱ Fabric production to dip as exports decline

❱ Extend tax compliance deadlines, review taxes

❱ Reduce interest rates, facilitate loans for creditworthy MSMEs

❱ Tax reliefs to encourage

You’re reading a preview, subscribe to read more.