The textiles and clothing (T&C) Industry had not set much store in the Budget for 2017-18 with the Goods and Services Act (GST) about to be implemented from July 1 next. But it turned out that there are proposals in the Budget that seek to confer benefits on the garment sector making its operations economically viable. One of these is the reduction in the corporate taxes to 25 per cent for small companies with a turnover of Rs. 50 cr. This provision will cover a large number of garment units since the industry is mostly in the Small and Medium (SME) Sector. The reduction in the tax rate will result in more resources at the disposal of the SME sector which can be deployed for further development, apart from additional revenue accruing on domestic sales and exports.