Finance & Economy | Textile Industry

Quote by Navin Rao, Co-founder, of The Kaftan Company.

Published: February 1, 2023

“The overall budget this year has been presented with much optimism and growth-related initiatives. As an entrepreneur, I am happy to see a few key benefits supporting MSME enterprises such as ours, including a “Skills India” digital platform to help the MSME sector with further growth. Income Tax related benefits for start-ups that can further innovative and future solutions for the country as well as the simplification of processes with the introduction of centralization of IDs for businesses as unique identifiers.

As an apparel manufacturer, I am especially pleased to see assistance packages introduced for traditional artisans and craftspeople. They are an integral part of the MSME value chain and must be supported with this initiative. I believe that with this initiative, the quality, scale, and reach of products made by these skilled workers reach new heights.”

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