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Article: Government to consider bailout for textile sector.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- December 19, 2008
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Government to consider bailout for textile sector
New Delhi, Dec 19 (PTI) An empowered Group of Ministers will meet next week to consider a bailout package for the textile sector, which is forced to cut jobs under the impact of global downturn.
The ministers' panel comprising Textile Minister Shankarsinh Vaghela, Agriculture Minister Sharad Pawar and Home Minister P Chidambaram is likely to take a decision on the industry's demand for higher duty drawback on exports and increase in interest subsidy.
It may also consider the demand of the Textile Ministry for a ...