Varanasi/Rajkot, July 05 (ANI): Indian weavers and jewellers hoped for a promising financial plan for their respective sectors ahead of budget, which will be presented by Finance Minister Arun Jaitley on July 10. The weaving industry in Uttar Pradesh expected modernisation of its power looms so that the country could compete with China in terms of production. However, one of their pressing concerns was the fate of the handloom industry. Weavers expect concessions from Narendra Modi-led government so that they could get fabric at fair prices and the art continues. Jewellers in Rajkot city of Gujarat also have expectations ahead of the announcement of fiscally prudent budget.
They said import duty on gold should be reduced from 10 per cent so that more people buy gold and business booms.
