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 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Johan Berlin
InvestKonsult Sweden AB

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

Mike Hoffman
Gildan Activewear SRL

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 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