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TEA disappoints with RBI Mid-Quarter Monetary Policy
Mar '12
Reserve Bank of India (RBI) has announced Mid-Quarter Monetary Policy Review.

Dr. A. Sakthivel, President, Tirupur Exporters' Association (TEA) said he was disappointed with the RBI's Mid Quarter Monetary Policy Review as there was no announcement on interest rate cut, which is a need of the hour and a major requirement for Tirupur knitwear exporting units to withstand the pricing pressures coming from all corners, and sustain in the global market.

Dr. A.Sakthivel added that the requisition for a Separate Chapter for Exports has been not addressed in these review also.

TEA was established in July 1990. This association is especially for Cotton Knitwear Exporters who have State of the Art production facilities in Tirupur, the Knit City. The City has registered a consistent growth of around 30% for every consecutive year since 1988.

Tirupur Exporters' Association (TEA)

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