The textile industry on Monday welcomed the Union Budget presented by Finance Minister Nirmala Seetharaman, particularly the announcement on textile and apparel parks.
Coimbatore: “When exporters are taking efforts to revive from COVID-19 impact, the increase in prices of cotton yarn coupled with its intermittent supply in the last two months has triggered a reversal of trend.
New Delhi: Finance Minister Nirmala Sitharaman will table the Economic Survey 2020-21 in Parliament on Friday, two days before the Union Budget is presented during the budget session of Parliament.
‘This is the right time to innovate and create businesses’
Tax concession on staff house construction by garment units in Tiruppur, setting up a research and development (R&D) centre at Tiruppur and offering market promotion support to industry associations as available to export promotion councils are some of the recommendations forwarded by the Tiruppur Exporters’ Association (TEA) to the finance minister for the next budget.
Pradip Kumar Tripathi, an IAS officer of 1987-batch of Jammu & Kashmir cadre, has been given additional charge of Secretary, Ministry of Textiles, with immediate effect. Since June 1, 2020, Tripathi is serving as Secretary, Ministry of Steel. Tripathi will serve the textiles ministry till the appointment of a regular incumbent or until further orders.