Related Keywords: excise duty on manmade fibre, excise duty on textile, excise duty on yarn, import duty on fabric, import duty on filament, import duty on polyester, Indian textile industry, new textile policy, textile industry budget
While there was no fresh proposition in the Union Budget 2016 for the textile industry, which was presented to the Parliament on 29 February, the income growth expected to steam up the India economy will have favourable impact on overall demand, and for textiles in particular.