Tirupur Exporters Association suggests textile mills to save the knitwear garment export sector as cotton yarn price increases

Related Keywords: cotton corporation of India, cotton yarn price, garmenting, knitting, knitwear export sector, Textile Industry, Textile mills, weaving, yarn prices

Coimbatore
Summary: 
The TEA President said he had already met Union Textiles Minister Smriti Irani over the issue, with a request to mandate that Cotton Corporation of India ensure availability of enough quantity with desired quality to protect the interests of farmers, the textile industry and also to generate employment. He said that, the impact of the price increase has made textile mills increase yarn prices which ultimately affect downstream value added sectors like weaving, knitting, garmenting and made ups, particularly value added exporters, as they could not hike the price, fixed more than three to five months back.

The TEA President said he had already met Union Textiles Minister Smriti Irani over the issue, with a request to mandate that Cotton Corporation of India ensure availability of enough quantity with desired quality to protect the interests of farmers, the textile industry and also to generate employment.

https://www.thehindubusinessline.com/news/national/tea-urges-textile-mills-to-save-knitwear-garment-export-sector/article24301273.ece
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Government urged to reconsider duty drawback rate

Related Keywords: decision to reduce, duty drawback, from 7.6 to two percent, garment units fell under the MSME category, Government urged to reconsider, hit hard garment sector in neighbouring, knitwear export sector, Tirupur export garment sector, Tirupur Exporters Association

Coimbatore
Government urged to reconsider duty drawback rate
Summary: 
The government urged to reconsider the decision to reduce the duty drawback to knitwear export sector from 7.6 to two percent as it would hit hard the garment sector in neighbouring Tirupur export garment sector said , Tirupur Exporters Association president Raja M Shanmugham.

The government urged to reconsider the decision to reduce the duty drawback to knitwear export sector from 7.6 to two percent as it would hit hard the garment sector in neighbouring Tirupur export garment sector said , Tirupur Exporters Association president Raja M Shanmugham.

It has come as a rude shock to exporters, who are already facing severe competition in the global market, he said and appealed to the government to have a re-look at the issue.

http://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/textile-industry-plea-to-government-on-duty-drawback-rate/60813066
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Tirupur industry sees immense benefits coming their way out of the budget

Related Keywords: budget, domestic textile manufacturing sector, knitwear export sector, production cost, spandex yarn, Textile cluster, Tirupur textile industry

Tirupur
Tirupur industry sees immense benefits coming their way out of the budget
Summary: 
The growth of the industries in Tirupur has also faced many problems in its journey in terms of industrial organization, city infrastructure, natural raw material sources, workforce organization, etc., and the industry has taken efforts at times to solve the problems. Tirupur Exporters’ Association president A Sakthivel has welcomed the NDA government’s maiden Budget as it would benefit the domestic textile manufacturing sector.

The growth of the industries in Tirupur has also faced many problems in its journey in terms of industrial organization, city infrastructure, natural raw material sources, workforce organization, etc., and the industry has taken efforts at times to solve the problems. Tirupur Exporters’ Association president A Sakthivel has welcomed the NDA government’s maiden Budget as it would benefit the domestic textile manufacturing sector.

http://www.newindianexpress.com/states/tamil_nadu/Perfect-Knit-Puts-Tirupur-Industry-on-Cloud-Nine/2014/07/11/article2324677.ece
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