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Apparel and Textile News

TEA hails TN CM to Address Tiruppur Knitwear Exports Related Issues

Tiruppur Exporters’ Association (TEA), President, Raja M Shanmugham in a press release issued today, said that Thiru. Edappadi K Palanisamy, Chief Minister of Tamil Nadu has made a representation to the Prime Minister on 22nd May 2018, with a requisition to address a few important issues affecting the textile industry, specifically Tiruppur knitwear export sector related issues mainly to safeguard the Textile Industry in Tamil Nadu and sustain in the…
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Apparel and Textile News

MEIS for garments and made ups got extended till June

To reinstate the competitiveness of exports and increase its share in the world market, the Ministry of Commerce and Industry has extended the Merchandise Exports from India Scheme (MEIS) for garments and made ups beyond June 2018. The apparel and textile bodies, Apparel Exporters Promotion Council (AEPC) and Tirupur Exporter’s Association (TEA) have welcomed the extension as the Industry was facing tough time. TEA President, Raja M Shanmugham said, “The…
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Apparel and Textile News

New Policy to raise the TN Textile Industry

New integrated textile policy soon to be released by the government of Tamil Nadu, announced by deputy chief minister O Panneerselvam, who also holds finance portfolio, in the state budget 2018-19 presented today in the state assembly. Tiruppur Exporters’ Association (TEA) president Raja M Shanmugham has welcomed the announcement and said the early releasing of the policy with incentives at par with other states will boost investment in Tamil Nadu…
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Apparel and Textile News

Textile Associations welcomes the increased allocation for the Sector

The Textile associations in India have welcomed the raised allocation for the sector in budget 2018 announce by finance minister, Arun Jaitley yesterday saying it will help firms in many ways, including clearing pending rebate of state levies (RoSL) dues. The drop in corporate tax rate for units with an annual turnover of up to Rs 250 crore might benefit most textile units in India. They also appreciated the increased…
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Apparel and Textile News

TEA – Indian Bank Organizes the Exporters’ Meet

The Tiruppur Exporters Association (TEA) together with Indian Bank has organized an Exporters' Meet today at TEA Hall in Tiruppur from 5 pm. The key note address will be deliever by G. Mahendra, Zonal Manager, Indian Bank, Coimbatore and Raja M Shanmugham, President, TEA will preside over the meeting. The meeting aims for the benefit of the exporters. Special Sessions will be conducted by professionals. The professionals will present on…
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Apparel and Textile News

TEA proposes to remove permanently Reverse Charge Mechanism

The Tiruppur Exporters Association (TEA) has suggested some pre-budget proposal to the Union Finance Minister, Arun Jaitley. The proposal states to remove completely the reverse charge mechanism (RCM), sufficient fund allocation for government schemes, increasing Investment limit for micro, small and medium enterprises (MSMEs). It also includes an establishment of a knitwear board and amending labour laws. RCM implies that the GST is to be paid and deposited to the…
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