Three notifications issued to implement Textile Policy
Business
Three notifications issued to implement Textile Policy
Ministry of Textile has issued three notifications for the implementation of Textile Policy. According to notifications, textile manufacturers will receive three percent draw back on garments, two percent on home textile and one percent on fabrics. A relaxation of 2.5 percent is given in government interest rate under export financing. The government has also given one-year relaxation to pay back the long-term loans while the interest rate till five percent is exempted.
