Govt considering textile duty structure rejig in Union Budget: Report

The industry says a slowdown in exports of cotton yarn due to weakening global demand has tied their hands

The $200-billion Indian apparel and textile industry is likely to get relief via a rejig in duty structure in the next Union Budget, according to a report in Live Mint. The report cited a senior government official saying that the textile duty adjustments will help make Indian sellers competitive in the Western markets.