Indian small and medium enterprises (SMEs) are more inclined towards building an online presence compared to their global peers, showed a new survey.
GEMA urges Govt not to dicontinue MEIS for textile & apparel sector
The textile industry has voiced alarm over the consistent fall in cotton yarn exports in the last three months due to sharp decline in demand in importing countries such as China, Bangladesh and South Korea, besides duty-free access given by China to competing Pakistan.
The ongoing US-China trade war has offered Indian exporters an excellent opportunity to help actualise $5 trillion economy mark as envisioned by the government, feels Som Parkash, Union Minister of State for Commerce & Industry.
The textile and garment industry’s exports were worth US$32 billion last year and they are expected to reach $40 billion this year.
New Delhi, July 31 (KNN) One significant area where the full potential of GST has not been achieved is the roll out of the simplified tax compliance regime, said Comptroller & Auditor General (CAG) in its first report on GST after its roll out on July 1, 2017.