Mumbai, Oct 7 (PTI) The Cotton Textiles Export Promotion Council (Texprocil) today welcomed the Centres decision to provide relief and resolving the liquidity issues faced by the textile exporters. "We are happy that the government has provided far reaching relief to the exporting community at the GST Council meeting on Friday," Texprocil chairman Ujwal Lahoti said in a statement. The government has tried to resolve the liquidity issues faced by the exporters," Lahoti added. This step has come as a great relief to the trade. The other measures like exempting export promotion schemes like advance authorisation scheme; EPCG from the payment of GST up to March 31, 2018 should lead to a spurt in investments, he added.

Source: India Today October 07, 2017 12:00 UTC