The Hon’ble Union Minister of Finance Smt. Nirmala Sitharaman presented the Union Budget 2020-21 in Parliament on 1st February 2020. We welcomed the Budget which is pragmatic, futuristic and people oriented will help to propel the economy and pave way for reaching US $ 5 Trillion economy. The government focus on three aspects, Agriculture and farmer welfare, wellness and Education and Skills are major requirements for overall development of economy.
The removal of anti-dumping duty on Purified Terephthalic Acid (PTA), a raw material used for manufacturing polyester products will help to reduce the price of the polyester based products, a major requisition by the Textile industry mainly to diversify into manufacturing synthetic products and to increase the exports also.
A long demand of the Textile industry has been at last addressed in this Union Budget. .... Read More