What are the benefits of reduction in custom duties, For India’s own benefit, it is necessary to reduce the duty on imported goods.
Reducing import duty is good for India
Imposing duty on goods from other countries does not protect any country. Therefore, it is better to reduce the duty regardless of who is asking for it.
If India is to become a developed country, it must act in a way that welcomes businesses from all countries.
Brigade Group invests Rs 1,500 crore in Kerala
New Delhi: Real estate major Brigade Group has announced that it will invest Rs 1,500 crore in Kerala to expand its business. It has also said that this will create employment for 12,000 people.
The company made the announcement during the ongoing investors’ conference in Kerala.
Through this announcement, the group has come forward to set up its second World Trade Center. The company already has its first World Trade Center in Kochi.
It also plans to build a residential project in Kochi and a luxury resort in Vaikom.
Chemical-free textile production project at Rs. 8 crore
Starting from the coming financial year, the Union Ministry of Textiles is going to implement a scheme to promote sustainable green manufacturing for five consecutive years. This will facilitate international market opportunities.
With the help of World Bank funding, eight clusters have been selected in our country for this purpose. The scheme has been started with the financial assistance of Rs. 8 crore for one of these, the Tiruppur Knitwear Cluster, in the first phase.
Advisor to the Tiruppur Exporters Association, Periyasamy said
With the guidance of UNIDO, a chemical waste-free textile production will be created in the Tiruppur cluster. The Tiruppur cluster is a pioneer in resource-poor development. In an attempt to document this at the international level, work will be carried out for the next five years.
Some leading companies in Tiruppur will be selected, their production stages will be examined, and a green manufacturing stage will be created for chemical waste-free textile production.
The work for this was inaugurated by the Union Ministry of Textiles at the ‘Bharat Tex-2025’ exhibition hall.
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