It is very surprising to note that the textile industry despite having several incentives is still waiting for more concessions from the government. During the last many years, the government has provided several relief packages to boost the country's exports, but failed to achieve the desired target.
Its present budget for the next fiscal year (2007-08), the government has announced three percent reduction in the interest rate or mark-up on the loans to spinning mills and 15 percent rise in the wages of the mill workers.
But the textile industry is annoyed on the one percent surcharge duty on the cotton import and is expecting that the government would give further incentives in it textile policy, which is expected by the end of current month.