FM's measures on Covid-19: Filatex India

Textile Sector is the large sector and backbone of the economy and largest employment generator, Madhu Sudhan Bhageria said.

Mar 24, 2020 04:03 IST India Infoline News Service

Timely announcement of easing of compliance requirements for corporates like filing of tax returns and GST returns to June 30, 2020, is an encouraging move from the Ministry of Finance. Assurance from the Finance Minister to announce economic package very soon is another major positive development and munch needed in the current unique and tough economic conditions.

The manufacturing sector has been affected very badly due to Covid19 and need broad-based measures to be announced for corporates to come out of this stressful situation. Measures from RBI and other regulatory bodies on interest rates and volatility in equity market would be big boost for the overall economy. Textile Sector is the large sector and backbone of the economy and largest employment generator. Specific measures need to be announced for the sector like the ones announced for fisheries.

- Madhu Sudhan Bhageria, CMD, Filatex India Ltd

Related Story