Tag: Raja M. Shanmugham

TEA welcomes Tamil Nadu’s tax free budget

Tiruppur Exporters’ Association (TEA) has welcomed the tax free Tamil Nadu Budget 2017-18, which has been presented in Tamil Nadu Assembly by D Jayakumar, the state’s minister of finance. The association said that the people will benefit from the schemes announced in the budget that i…

Knitwear exporters dejected over RBI decision on repo rate

The Tirupur Exporters’ Association (TEA) said the Reserve Bank of India’s decision to keep the repo rate unchanged at 6.25 per cent has disappointed the exporting community, which was expecting a reduction in interest rate, post demonetisation. The reduction in interest rate is the most important…

Potential in technical textile sector yet to be tapped properly

Lack of awareness and lesser penetration in rural areas was the reason the vast potential in the technical textile sector could not be tapped properly,a senior Textile Commissioner official said, even as major textile associations extended support for the sector’s growth. Though the sector …

Textile industry to attract Rs. 1 lakh cr investments by 2025

The Indian textile industry is expected to attract Rs. 1 lakh crore investments in technical textiles by 2025, according to M. Senthil Kumar, Chairman of Southern India Mills’ Association. At a conference on technical textiles and non-wovens organised by Federation of Indian Chambers of Commerce …