ATIRA reaction to Budget 2018-19

·         It appears that the budget of government have a great objective of increasing farmers’ income by increasing the Minimum Support Price (MSP) of crops indicates towards higher support price for cotton in the 2018-19 season. This might help farmers to some extent but for some time it may be against the cotton textile industry.



·         Corporate tax rate reduced to 25% for the companies having turnover upto Rs 250 Cr. The increased turn over limit from Rs.50 Cr to Rs.250 Cr would definitely add momentum and benefit to majority of the textile and apparel sector and increase employment opportunity in the textile value chain.

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