Textile, auto exporters brace for profit squeeze as government halves RoDTEP tax refunds

Textile and vehicle exporters face tighter margins and working capital challenges after the government halved RoDTEP tax refunds. This decision, impacting cotton textiles, yarn, and two-wheelers, could hinder export growth and profitability. Companies are appealing for the restoration of earlier rates to avoid financial losses on existing shipments and contracts.