Agitating Jewellers Get Union Support

Garments sector is in a precarious situation because of ‘heavy online sales’ which is commanding 50% of the market.

Published: 07th April 2016 04:32 AM  |   Last Updated: 07th April 2016 04:55 AM   |  A+A-

HYDERABAD: For the first time in the history of Telangana, 29 trade associations here on Wednesday have gathered at a common platform and decided to extend their support to agitating gold jewellery and ready-made garment industrialists.

Addressing the media, Ammanabolu Prakash, president of TSFCCT said: “Pre-budget survey indicated that gold is a luxury item and 80 pc of the gold is in the hands of 20 pc rich people.

This is untrue, gold is not a luxury item since it is used by the poorest of poor in marriages in the form of Mangalasutra. Similarly, garments sector is in a precarious situation because of ‘heavy online sales’ which is commanding 50 per cent of the market. Levying excise duty on these products will ultimately result in taxing the common man.”

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