Production costs of garments would reduce considerably

D D Rathi, chief financial officer, Grasim Industries

The government's objective for the textile sector has been good.

The production cost of garments would reduce considerably, resulting in an improvement in the bottomline of the companies.

The decision to grant concessions on textile machinery is also a positive step. The companies who want to modernise their plants and make new investments would benefit to a large extent.

Overall, the government's objective for the textile sector has been good.

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