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Tag: TEA

TEA proposes to remove permanently Reverse Charge Mechanism
Apparel and Textile News Trade Info 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 […]

TEA thanks TN CM for the expansion in Coimbatore
Apparel and Textile News Trade Info News

TEA thanks TN CM for the expansion in Coimbatore

TEA President, Raja M Shanmugham thanked Edappadi Palanisamy, chief minister of Tamil Nadu for the initiatives taken for the expansion of Coimbatore Airport. The Kongu region comprising of seven districts of Western part of Tamil Nadu namely – Coimbatore, Tirupur, Karur, Nilgiris, Salem, Erode and Namakkal is contributing to more than 40% to the State GDP […]

New textile policy to boost growth in TN
Apparel and Textile News Trade Info News

New textile policy to boost growth in TN

To meet the demands and suggestions from textile industry representatives to boost growth, Tamil Nadu Government would soon frame a new textile policy, the state handlooms and textile minister OS Manian has said. The issue will be taken up with chief minister Edappadi K Palaniswami soon, Manian said. State’s Finance Minister D Jayakumar would raise […]

TEA hails GST rate for Garments at 5%
Apparel and Textile News Trade Info News

TEA hails GST rate for Garments at 5%

TEA President Raja M Shanmugham, has thanked the finance minister Arun Jaitley for considering the requisition and helping to fix GST rate at 5 per cent for garments including cotton, cotton yarn and fabrics. He said this would help the predominentary cotton based textile industry to grow and also increase exports. M Shanmugham also thanked […]

TEA welcomes tax free Tamil Nadu Budget 2017-18
Apparel and Textile News Trade Info News

TEA welcomes tax free Tamil Nadu Budget 2017-18

The state’s minister of finance, D Jayakumar has presented tax free Tamil Nadu Budget 2017-18 in Tamil Nadu Assembly which has been welcomed by Tiruppur Exporters’ Association (TEA). The association said that the people will be benefited from the schemes announced in the budget that includes the allocation of Rs 2,000 crore for infrastructure development. […]

Economic Survey 2017 Specifically Focused Apparel Sector: TEA Hails
Apparel and Textile News Trade Info News

Economic Survey 2017 Specifically Focused Apparel Sector: TEA Hails

The Economic Survey 2017 released by Government of India has, for the First Time, focused specially on Apparel and Leather Sector by introducing a separate chapter for those sectors. In a press release issued today, Shri.Raja M Shanmugham, President said he wholeheartedly welcome this unique move of Government of India. He further mentioned that the […]

TEA Appeals Govt to Upscale Textile Skill Industry
Apparel and Textile News Trade Info News

TEA Appeals Govt to Upscale Textile Skill Industry

The Tirupur Exporters’ Association (TEA) has requested the government to upscale the textile skill industry of Tirupur with the upcoming Union Budget 2017-18. Budget should carry a provision for one-time intervention targeted at the skill inventory of the textile hub comprising 6 lakh workers, where upscaling could be facilitated. “We have a self-groomed labour force […]

Govt Approves Package to Support MSEs
Apparel and Textile News Trade Info News

Govt Approves Package to Support MSEs

The government has approved a package to support Micro and Small Enterprises (MSEs) and increased the Corpus of Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) from Rs.2,500 crore to 7,500 crore. The decision has been taken with an intension to enhance the quantum of Credit Guarantee to larger number of MSEs. Apart […]

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