Textile units worried over 18% GST, say may hurt small units badly, fear job cuts

The textile industry has said it is worried over government's decision to impose 18 per cent GST on manmade fibre as the levy will dent the margins of firms manufacturing synthetic yarn and could lead to job losses. The industry is also uneasy about the effect on jobs like weaving, knitting, cutting and packaging, which it fears could hurt the small units badly. Manmade fibre fabric and yarn, alon…