COIMBATORE The Directorate General of Foreign Trade (DGFT), Department of Commerce, has nominated Raja. M. Shanmugham, president of Tiruppur Exporters’ Association as a non-official member for the Board of Trade and the Notification.

New Delhi, July 13 (KNN) The central government has appointed 29 non-official members in the Board of Trade from different sectors.

Fears of economic recession in key markets such as the US and the EU, persistent supply-chain woes and a recent drop in fresh orders have threatened to derail India’s dream run in the export sector, one of the bright spots in the economy in the aftermath of the Covid pandemic, according to exporters and senior industry executives.

he cotton yarn price drop has been welcomed by Tamil Nadu’s textile industry and the Tiruppur Exporters’ Association expects a revival of international orders if the downward trend continues. 

TIRUPUR: Textile industry players here are breathing a sigh of relief with the price of cotton yarn coming down by 40 per kilogram.

A raft of changes announced by the Goods and Services Tax (GST) Council last week, including the one to expedite refunds to those categorised as “risky exporters”, will certainly help but much depends on their implementations, exporters told FE.