Union Budget 2005-06 – Textile Sector Highlights

28 Feb '05

1 min read

Union Finance Minister is halfway through his speech and some of the highlights are as follows:

Textile sector to get 10% capital subsidy

Hike in funds for technological improvements

30 items dereserved in textile sector

TUF scheme to continue

Business confidence has been restored: FM

Textile sector to create two crore jobs in few years

2004-05 GDP growth seen at 6.9% vs 8.5% year ago

NCMP proposes to provide addl sum of Rs 25000 cr in the next year

Rs 10,216 crore for Tsunami rehabilitation

Net revenue estimated at Rs 5,194 cr

Rs 3,400 cr to be raised from market

Rs 4718.19 cr to come from internal sources

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Union Budget 2005-06 – Textile Sector Highlights

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