Confederation of Indian Textile Industry (CITI) chairman Sanjay Jain said, “The Budget will increase purchasing power of the middle class, farmers and lower tiers of society and will drive textile and clothing consumption in a big way. It has focused on empowering rural India and the middle class of the economy. The Budget also helps MSME in textile sector in a big way. “
Increase in personal income tax and rebate limit would certainly raise disposable income of the middle class people of which a portion would come to textile and apparel sector. Consumption and consumer spend of middle class and rural India is expected to go up thanks to the Budget proposals and hence benefit the Apparel and Textile Industry,” said Rahul Mehta, President, Clothing Manufacturers Association of India (CMAI).
The increase in the budget allocation for the ROSL scheme is a step in the right direction. We urge the government to include cotton yarn and fabrics also under the ROSL scheme,” said K V Srinivasan, Chairman, The Cotton Textiles Export Promotion Council (Texprocil).