India Textile And Garment Enterprises Are Expected To Repay Loan Relief.
According to the restructuring loan scheme being developed by the Ministry of textiles in India, those borrowed from the government at a preferential rate.
capital
India textile enterprises are expected to receive relief.
An official statement released today said: "the restructuring plan may solve (consider) suspension of technical reimbursement.
fund
(FUFS) loans, restructuring plans may also consider textile and clothing export financial assistance and interest subsidy.
Anand Charles, Minister of industry and commerce, took part in the work of the Ministry of textiles. He held talks with industry representatives yesterday on this issue.
He plans to announce tomorrow's policy of promoting foreign trade in exports.
The Ministry of textiles, the Ministry of Finance and the Reserve Bank of India are negotiating a restructuring plan, the statement said.
The restructuring plan also includes working capital assistance.
By June 2010, about 740 billion rupees were issued according to the capital reform plan.
According to this plan, the textile industry will receive 5% interest subsidy at the same time of updating machine funds.
DKNair, Secretary General of the India textile industry alliance, said the textile industry needs to repay 140 billion rupees a year, but because of the
loss
They are unable to repay their loans, he said, and the textile industry is going through a bad time.
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