Home / Knowledge / News / Apparel/Garments / TEA President welcomes repo rate cut
TEA President welcomes repo rate cut
Apr '12
Reserve Bank of India reduced the Repo Rate and Reverse Repo Rate by 50 basis points and accordingly, the Repo Rate will be dropped from 8.5% to 8% and Reverse Repo Rate will be 7.5% to 7%.

Dr. A. Sakthivel, President of Tirupur Exporters' Association (TEA) welcomed the shift in stance of RBI from concentrating more on controlling inflation to stabilizing the growth of economy and noted that the reduction in policy rates has happened after two years.

Dr. Sakthivel appealed to all the Banks to reduce the interest rates by 1% after taking into account the policy rate cuts by RBI and added that the reduction of interest rates by banks are paramount importance at this critical juncture since the woven and knitwear exporting units have been affected significantly due to increased interest rates.

The reduction of interest rate will help to increase the competitiveness and also sustain in the global market.

Tirupur Exporters' Association

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search