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 Tiruppur Exporters’ Association (TEA) will appeal to the government to ban yarn exports to control prices in the domestic market.
The Union Budget announcement on Monday reducing Customs Duty on steel and ferrous and non-ferrous scrap is expected to bring down raw material prices for the engineering units in Coimbatore.
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.
The textile industry on Monday welcomed the Union Budget presented by Finance Minister Nirmala Seetharaman, particularly the announcement on textile and apparel parks.