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CMAI Anticipates Loss Of Rs 5,000-7,000 Cr To Apparel Industry
According to the Clothing Manufacturers Association of India (CMAI), Indian MSME apparel manufacturers are anticipated to face a loss of Rs 5,000-7,000 crore in the January-March quarter. CMAI cited an amendment to the Income Tax Act that states payments to MSMEs need to be made within 45 days and claimed that this has pushed retailers […]
appareladmin- February 20, 2024
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