India’s TEA hails Economic Survey tabled in Parliament | Policy News India
Home » News » Policy News » Indias Tea Hails Economic Survey Tabled In Parliament

India’s TEA hails Economic Survey tabled in Parliament


READ MORE ON GSTIndian Apparel IndustryPolicy News IndiaTEA

Economic Survey

Image Courtesy:

Tirupur Exporters’ Association (TEA) has praised the Economic Survey 2016-17 tabled in Parliament by Union Finance Minister Arun Jaitley for giving emphasis on apparel and leather sectors. TEA President Raja M Shanmugham thanked the Government for introducing separate chapters for apparel and leather sectors in the survey.

This unique move initiated by the Government is a commendable job, said TEA President. He also endorsed the positive impact of the demonetization stated in the Economic Survey and hoped there would be elimination of unethical business from the trade.

He further mentioned that the constraints expressed for India to lag behind competitors in the apparel sector are real and current and there is a need to remove those bottlenecks enlisted through a focused approach.

Also ReadTEA President meets Indian Textiles Minister to discuss issues

TEA President appealed to expedite the FTA with US and EU and PTA UK considering the exports and employment. Labour law reforms should be addressed immediately by the Government. He also expressed his concern about the delay in the implementation of the scheme and said there is a need to minimize the time taken between the policy announcements and the passage of benefits to the industry. Absence of skilled and trained labourers in the industry is an important reason for the lack of competitiveness of Indian industry, feels Shanmugham.


Have some news? Let us know on

Recommended by Apparel Resources

Indian Govt. to trademark handmade carpets

Indian Government is mulling to introduce standards and a trademark to strengthen India’s place as the top sourcing destination of handmade carpets and...

Indian Govt. inks pact to provide cheaper loans to SC artisans, weavers

A Memorandum of Understanding (MoU) has been signed between the Development Commissioner (Handlooms) and National Scheduled Caste Finance and Development Corporation to facilitate cheaper loans to artisans and weavers belonging...

Indian Govt. not to review FDI in multi-brand retail

The Indian Government has made it clear that it is not going to review the Foreign Direct Investment (FDI) policy, which allows overseas...

BGMEA seeks exemption from Tax at Source

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the Government of Bangladesh to exempt the garment industry from Tax at Source for...

Delhi (India) garment manufacturers upset over minimum wage hike

Anil Baijal, Lieutenant Governor of the national capital of India, New Delhi, has recently cleared the Delhi Government’s proposal to revise minimum wages of industrial workers by about 37 per...

Pakistan gets GSP Plus status

European Union, which has been an important trading bloc for Pakistan, has given Generalised Scheme of Preferences (GSP) Plus status to the country...

South Africa approves grant to boost garment and textile industry

A grant of US $ 355.65 million has been approved by the Department of Trade and Industry (DTI) of South Africa to boost...

Haryana (India) Textile Policy 2017 fails to impress MSME sector

The (Micro, Small and Medium Enterprises) MSMEs in the Indian state of Haryana are not happy with the recently announced Textile Policy to...

Indian Govt. to implement schemes via KVIC for rural artisans

India’s Ministry of Micro, Small & Medium Enterprises (MSME) has decided to implement various schemes through Khadi and Village Industries Commission (KVIC), the...