Re rise casts shadow on garment sector
Economic Times, India
NEW DELHI: Expressing apprehension that the garment sector may see a 18-22% decline in rupee realisation in exports and loss of 6.2 lakh jobs in the current fiscal, industry representatives have demanded relief from the government.
Confederation of Indian Textile Industry chairman PD Patodia said the Centre should refund levies at the state government and municipality levels that work out to 6% of the cost. He said the industry should not be forced to “export taxesâ€Â. Read more about Re rise casts shadow on garment sector …