Hyderabad, June 05, 2017: Federation of Exports Organisation (FIEO) Regional Chairman Dr A Sakthivel while welcoming the decision of fixing reasonable GST rates to most of the categories thanked Union Finance Minister Arun Jaitley for initiating faster decisions on the subject.
The lower GST rates across the products which are having high export potential will go a long way in promoting ” Make in India”.
The leather and footwear sector, Pharmaceuticals, food products, textiles, got fair deal in taxation, Dr Sakthivel said in a statement here today.
While talking about the textile industry, Dr Sakthivel said that announcement of lower rates of GST for Fabrics, Natural Fibre, Apparels and Made-ups, etc.
will enable increased value addition, employment and exports and propel domestic production across the sectors.
United News of India
