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


"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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