The announcements made by Finance Minister, Ms. Nirmala Sitharaman, in Union Budget 2023-24 shows government's priorities for India's textiles sector. The minister gave special focus on Extra-Long Staple (ELS) cotton. Five new HS codes will also sharpen government's policy measures. Plus, higher allocations under RoDTEP, RoSCTL andATUFS may provide relief.
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