India Textile Enterprises Are Expected To Repay Loan Relief.
Under the Ministry of textiles of India
Restructuring loan
Plan, which is preferential from the government.
interest rate
India textile enterprises with borrowed funds are expected to receive relief.
An official statement released today said: "the restructuring plan may solve (consider) suspension of the FUFS loan, and the restructuring plan may also consider the export of textiles and clothing.
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 export promotion tomorrow.
trade policy
。
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 can get 5% interest while updating machine funds.
subsidy
。
DK Nair, Secretary General of the India textile industry alliance, said the textile industry needed to repay 140 billion rupees a year, but because of losses, they could not repay their loans. He said the textile industry was going through a bad time.
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