July 7, 2026
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How GST 2.0 Rate Cuts Will Strengthen India’s Textile And Apparel Value Chain

Textile Insights
For the economy and the textile industry, GST 2.0 reforms are undoubtedly a landmark step. The reduction in manmade fibres from 18% to 5% and synthetic yarn from 12% to 5% will substantially strengthen the country’s textile industry while enhancing its competitiveness and stimulating consumption. Handloom, handicraft goods, yarns and carpets have also been shifted […]

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