INDIA CLOTHES COMPANIES IN PROTEST STRIKE
March 1st, 2011
BY RAGHAVENDRA VERMA
INDIAN garment manufacturers have staged a two-day strike to protest against a proposed 10% levied excise duty on branded India-made ready-to-wear garments. While justifying the tax in the national budget presented on February 28, finance minister Pranab Mukherjee said the Indian garment industry, "has come of age and has shown handsome growth in recent years" and so could cope with the duty. The move is however drawing strong reaction. "We will take to the streets and no government will survive after taxing the basic ...
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