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Removal of import duty on man-made fibres (MMF) and reduction of goods and services tax (GST) on it from 18 per cent to 12 per cent and fixing of corporate tax rate for large companies at 30 per cent including surcharge and cesses are part of the pre-budget suggestions made by the Southern India Mil
The Indian textiles and apparel industry is showing signs of recovery after a difficult period, according to the Confederation of Indian Textile Industry (CITI). Textile and apparel exports stood at ₹20,353 crore during October 2018 as compared to ₹14,779 crore during the same month of the last year
