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SIMA appeals to withdraw hike in VAT on petrol,diesel affecting textile sector

Related Keywords: already in disadvantageous position, another Rs four per kg, considerable impact on transport cost, hike in VAT, other states enjoy huge incentives, procure raw material from upcountry markets, sell yarn in those markets, spinning sector spends around Rs. six per kg, textile clusters, Textile Industry, textile industry in the Tamil Nadu state

The textile industry in the Tamil Nadu state that is already in a disadvantageous position as the spinning sector spends around Rs. 6 per kg to procure the raw material from upcountry markets, and another Rs. 4 per kg to sell the yarn in those markets, while other states enjoy huge incentives.

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