The Gujarat Clothes Producers’ Affiliation (GGMA) made a illustration to Prime Minister Narendra Modi, requesting towards hike in tax charge because the business remains to be recovering from the after-effects of the slowdown post-pandemic.
“Most industrial models proceed to function at 65% of the pre-Covid ranges. Furthermore, uncooked materials costs have proven a steep rise. Already post-pandemic, a minimum of 15% of garment manufacturing models have completely shut down or else have scaled down operations,” states the illustration.
Attire producers have cited that if the tax charges are elevated, it’s going to dent their competitiveness.