Apparel exporters body AEPC says a uniform GST rate of 5 per cent should be levied across the entire MMF (man-made fibre) value chain (fibre, yarn and fabric)
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Union Budget: The Apparel Export Promotion Council (AEPC) has urged the Indian government for tax incentives, including uniform GST rates, enhanced interest subsidies, and budgetary support for branding and marketing in the upcoming budget. AEPC emphasized the need for tax concessions for apparel manufacturers following Environmental, Social, and Corporate Governance (ESG) standards.
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"We expect participation of over 3,500 exhibitors from India and abroad, more than 3,000 overseas buyers and 40,000 business visitors at the Bharat Tex Expo, along with participation of policymakers, government representatives from India and abroad, the industry and buyers," she said.