The Centre is working on an integrated tax framework for India’s textile sector to provide greater tax certainty, ease duty-related costs on raw materials and machinery, and improve manufacturers’ competitiveness in global markets, according to a report by The Economic Times. The proposal
India’s textile machinery imports account for 83% and exports account for 17% share of total textile machinery trade India’s textile machinery trade with the world totalled US$ 6129.10 million in FY2022-23. The textile machinery imports account for a major share of 83% of India’s total textile machinery trade, while exports account for the remaining 17% […]














