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⚡Textile Industry Expresses Concern Over Proposal of ‘Inverted Duty Structure’

By IANS

"Even if there is an estimated 18 per cent shrinkage in the workforce, the industry is likely to see a job loss of 1.44 million. An increase of taxes by as much as 7 per cent will lead to a much higher level of job losses - possibly in excess of 2 million," Agarwala, who doubles up as the Managing Director of Rupa & Company added.

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