Trade and industry welcomed the Interim Budget presented by the AIADMK government on Tuesday, saying it contained a lot of welfare measures and allocations of funds to all the departments.
‘Metro rail project is a welcome move ’
Tiruppur’s NIFT-TEA college of knitwear fashion and AIC NIFT TEA incubation centre for textiles and apparels, and Textile Excellence have signed a MOU to jointly organise the twin exhibitions, DyeChem World and KnitProcess, in Tiruppur, from October 22-24, 2021. The event will be held at the NIFT-TEA compound SIDCO, Tiruppur. SDC has joined as a co-organiser.
Tamil Nadu recently announced its new Industrial Policy 2021 to attract investments worth about ₹10 trillion and generate employment for two million by 2025.
The Tiruppur Exporters’ Association (TEA) has opposed certain amendments announced in the recent Union Budget, relating to import of items used by the garment industry.
The rise in cotton yarn prices and intermittent supply of cotton yarn in the past two months have affected small exporting units in Tiruppur, according to the Tiruppur Exporters Association (TEA), which recently, in a letter to finance minister Nirmala Sitharaman, said lack of trade pacts with major importing countries and regions is also a dampener.