Rajeev Bhambri Chief Finance Officer (CFO) of Supreme Yarns Limited gives his comments exclusively to Fibre2fashion on Indian Budget 2007-2008.
He said that import duties on synthetic fibres should be reduced.
Bhambri also expects that TUFS should be further extended as it expires on March 31.
He informed that they would be comfortable with the coming budget.
If Government provides healthy incentives and reduces import duties, it will be easier for Indian industries to compete with foreign entities.
Fibre2fashion News Desk - India
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