Saurabh Kumar Tayal, Chairman, KSL Realty & Infrastructure Ltd expects that the TUF Scheme should be extended till 2010, which will enable textile companies to firm-up competition from China.
He also anticipates reduction in the import custom duty on machinery and spares, and in excise duty on man-made products. Reduction in the corporate dividend distribution tax is also expected.
With the retail boom and a favourable business environment, Indian textile industry likely to grow in terms of output, foreign exchange earnings and generate more employment.
Fibre2fashion News Desk - China
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