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

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Giorgio Mantovani
Corman S.p.A

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

Kevin Nelson
TissueGen

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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