Exporters hail budget, thank for Rs 200 cr grant
Tirupur Exporters' Association (TEA) today hailed the one time grant of Rs 200 crore provided in the Union budget towards cost of installation of a Zero Liquid Discharge System to textile cluster in Tirupur.
In a statement here, TEA president A Sakthivel welcomed the Budget 2010-11 and thanked Prime Minister Manmohan Singh, Finance Minister Pranab Mukherjee and Textiles Minister Dayanidhi Maran for conceding the request of Tirupur industry.
Exressing happiness for launching an exclusive skill development programme in textile and garment sector, he said the initiative would help to enhance labour productivity.
He also thanked allocation of Rs 2400 crore to Technology Upgradation Fund Scheme and said this would help for reimbursement of interest under the scheme at time to borrowers who opted for it.
He appreciated the keeping of Customs Duty and Service Tax at same level.
However, Shaktivel expressed concern on discontinuation of 2 per cent Interest Subvention Scheme in pre and post shipment credit available for textile industry and expected that it would be given to knitwear garment sector to have more competitiveness in the global market. Complete coverage
Sources: ndtv profit
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