GST to create level-playing field for bigger textile players – Feedback

The introduction of GST will help create a level-playing field for the bigger textile manufacturers as smaller or unorganised sector will not be able to use some of the current practices to keep themselves competitive, a senior industry official said today.

“The introduction of GST may not have any negative or positive impact for the textile industry in general. However, the consolidation of taxes will help create a level-playing field for the bigger textile manufacturers as smaller or unorganised sector will not be able to use some of the current practices to keep themselves competitive,” Sintex Industries Group MD Rahul A Patel told reporters on the sidelines of India ITME 2016 event here. Sintex aims to install one million spindles and has already become world’s No 1 compact facility with over 3,00,000 spindles installed at their plant at Pipavav in Gujarat, Patel said.

http://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/gst-to-create-level-playing-field-for-bigger-textile-players/articleshow/55818095.cms

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