Home / Knowledge / News / Apparel/Garments / TEA for quick notification of special garment package
TEA for quick notification of special garment package
09
Jul '16
The Tirupur Exporters Association has congratulated Union Mnister Ms Smriti Irani on allocation of Textile ministry and sought speedy notification of the guidelines and procedures for implementation of the Rs 6000 crore special package for the garment sector to boost exports.

Seeking the newly-appointed minister's intervention for to enable them avail the promised benefits “at the earliest”, TEA President Dr A Sakthivel said it would help them achieve the envisaged additional export target of US $ 30 billion in next three years besides generating one crore new jobs in the country.

Updating Ms Irani on their concerns, the TEA underlined the need of having a separate Rs 1000 crore fund for market promotional activities, mainly for participation in international fairs conducted outside India and within the country.

At present, the Commerce Ministry is providing only Rs.6 crore for the market promotion activities through schemes like Market Access Initiatives (MAI) and Market Development Assistance (MDA, TEA said in a press release implying that the sum was paltry compared to the $ 17 billion grossed by the sector in 2015-2016.

TEA also urged the minister to push for Free Trade Agreement (FTA) or at least Preferential Trade Agreement (PTA) with Britain and 28 other EU countries, the lack of which were resulting in advantage to rival apparel exporting nations like Bangladesh, Pakistan and Vietnam.

The association pointed out that special trade deals with these countries and with Canada and Australia would enable them gain lost ground in promising markets of the down under besides resulting in a 30 percent increase in Indian garment exports. (SH)

Fibre2Fashion News Desk – India

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

Pinkesh Jain
Everflow Petrofils Ltd

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

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Eamonn Tighe
Nature Works LLC

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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