INDIAN CLOTHING AND TEXTILE ASSURED THAT GOVERNMENT SUPPORT IS COMING, DESPITE LACK OF BUDGET MENTIONS
February 1st, 2017
THE INDIAN textile industry is banking on informal assurances of increased central government support for the sector, after the it was largely ignored in February 1’s formal announcement of the national budget.
Harminder Sahni, managing director of consultancy firm Wazir Advisors, said that while finance minister Arun Jaitley had not mentioned specifics in his budget speech, “we have been told by the ministry of textiles that all its plans are approved and it will get [extra] money.”
Mr Sahni was referring to a ministry plan to increase funding for ...
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