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TEA urges CM to raise textile & garment sector issues with PM
13
Jun '11
In view of the Tamil Nadu Chief Minister Ms. Jayalalithaa's scheduled meeting with Prime Minister Dr. Manmohan Singh, the Tirupur Exporters' Association (TEA) has urged the Chief Minister to raise the issue of textile and garment sector, particularly the issues relating to cotton and cotton yarn exports.

Mr. A Sakthivel, TEA's President, has written to Ms. Jayalalithaa, stating that the State of Tamil Nadu has a prominent place in terms of textile and garment production in the country estimated at a value of Rs. 750 billion.

A clear policy needs to be framed to address the issue relating to permitting cotton and cotton yarn exports, said Mr. Sakthivel. He added that such a policy is necessary to protect handloom, made-ups, knitwear and woven garments, in both fronts – domestic as well as exports.

He suggested that bank credit in rupee terms should be made available at seven percent interest to boost the competitiveness of exporting units. He further said that the exporting units would prefer to take loans in foreign currency.

Mr. Sakthivel also asked the Chief Minister to draw Dr. Singh's attention to the imposition of 10 percent excise duty on branded readymade garments. He said that small-scale and lower value garment producers should be exempted from this duty as they are facing problems.

Lastly, the TEA President said that the problem of Tirupur Dyeing factories should be brought once again to the notice of the Prime Minister. During the recent electioneering the Prime Minster had assured that the problem would be taken up.

Fibre2fashion News Desk - India


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