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Union Budget 2014-2015 intents to bring Acche Din for textiles

Related Keywords: budgetary allocation for textile, handloom sector, import duty on ethylene, import duty on propylene, readymade garment, Technology Upgradation Fund Scheme, Textile budget, textile clusters, Textile Minister, TUFS, Union budget 2014-15

The Narendra Modi government, which has sought 60 months from the Indian electorate to bring good days, in its first budget exuded its intent to kick start the investment cycle to nurse India's ailing economy back to good health. Coming amid high expectations from the textile and garment industry, the Finance Minister Arun Jaitley, in his maiden Union Budget 2014-15, charmed the industry participants with an array of encouraging proposals.

Textile industry shows satisfaction over the measures announced in the budget

Related Keywords: Indian textile industry, Textile budget

The interim budget is out with a mixed bag for industries in the region. The textile industry has shown some level of satisfaction with the measures announced in the budget. While, the small scale industries are disappointment.

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