Constitution of Textile Consultative Committee welcomed

Image
Press Trust of India Coimbatore
Last Updated : Sep 02 2015 | 2:22 PM IST
Tirupur Exporters' Association today thanked Tamil Nadu Chief Minister Jayalalithaa for announcing formation of the State Textile Consultative Committee, a long pending request of the association.
The committee, headed by the textile minister, would help the growth of the industry, including apparel and also help address textile-related issues, TEA president A Shaktivel said in a letter to Jayalalithaa.
TEA also thanked for extension of state Government's financial support up to 25 per cent in project estimates under the Centre's scheme for integrated textile processing development, which is a major requirement for improvement made in the processing sector, the weakest link in the textile value chain.
Sakthivel said the Tirupur garment industry growth had returned to normalcy only after the announcement of Rs 200 crore interest free loan offered to Tirupur CETPs immediately after Jayalalithaa assumed office as Chief Minister.
The garment sector possesses more than 80 per cent of units under SME categories and an announcement on unveiling of new MSME policy would pave the way for growth of garment sector in Tamil Nadu, including garment exports, Shaktivel said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 02 2015 | 2:22 PM IST

Next Story