TEA thanks Anand Sharma for extending FTP provisions

COIMBATORE: Tirupur Exporters' Association today thanked Commerce Minister Anand Sharma for extending the provisions in the Foreign Trade Policy 2009-14, relating to export and import of goods and services, beyond March 2014.


In a statement, TEA president A Shaktivel said he had met Sharma in Delhi and urged upon him on the need to extend the policy, which was conceded immediately, as confusion persisted among exporters after presentation of the interim budget on whether the provisions would continue beyond Mar 31 or not.

Shaktivel said the DGFT notification yesterday in this regard had clarified the position and exporters who take up future orders could make calculations accordingly. They could also quote the competitive rate and continue to maintain the growth trend in the coming months.