Home / Knowledge / News / Apparel/Garments / TEA President seeks extension of 4% Interest Subvention
TEA President seeks extension of 4% Interest Subvention
18
Mar '08
As the 4% Interest Subvention on pre and post shipment credit announced by the Government ends on March 31, 2008, our President Shri. A. Sakthivel, in a communication sent to Shri. P. Chidambaram, Hon'ble Finance Minister (17.3.2008) has requested to extend the 4% Interest Subvention given to knitwear exporters for further one year.

He also said that unfortunately, the Union Budget has not considered the requisition made by the Association and no support measures was announced to bail our the exporters from the crisis.

He added that the crisis situation faced by Knitwear export sector is more pronounced in the decline of knitwear exports in the current Financial Year.

He further pointed out that, as the currency crisis is still exist, the extension of 4% Interest Subvention is much required.

Tirupur Exporters' Association

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Pinkesh Jain
Everflow Petrofils Ltd

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

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Eamonn Tighe
Nature Works LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search