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RAJA SHANMUGHAM
Textile export to be hit because of West Asia conflictIndian garment and textile exporters face significant challenges. The closure of the Strait of Hormuz will force longer shipping routes. Th...- Tirupur Exporters Association urge SBI to help MSMEs tide out liquidity crisisThanking the bank for continuously providing support to the Tirupur knitwear sector, comprising 95 per cent of MSMEs, Shanmugham said 18 mo...
- Exporters in Tirupur hail RBI holding policy rates at same levelThe RBI has announced the decision of the MPC to keep the major policy repo rate at 4 per cent and reverse repo rate at 3.35 per cent uncha...
- Middle-men, traders creating havoc by pushing up price of cotton: Exporters11 per cent total import duty existing on cotton has been the reason for the cartelisation of players to increase the domestic cotton price...
- Address shortage of containers for shipping, says exportersIn a letter to the Minister, a copy of which was released to reporters, president of TEA Raja M Shanmugham said exporting units are now fac...
- Exporters welcome Reserve Bank of India's announcementsTirupur Exporters' Association also lauded the decision to extend a special liquidity facility of Rs 16,000 Crore to SIDBI for on lending/r...
- Textile industry welcomes announcement on parks in Budget 2021In a statement here, the Indian Texpreneurs Federation (ITF) appreciated the thrust given to the textile sector by proposing the seven mega...
- Global fashion brands tap India for face masksInternational brands have begun sharing prototypes of fashion masks in cotton and blends with Indian suppliers who are awaiting a nod from ...
- Common tariff code glitch creates minor roadblock for mask exportsSmriti Irani-led textiles ministry has initiated talks with commerce ministry on how to address the issue. “The issue is all masks have the...
- PM asks textile industry to send note on issues to be solvedModi had called for a meeting with 11 textiles industry delegates from across the country on December 26 at his residence to get to know th...
- Knitwear exporters hail FM's announcement to boost exportsTEA President Raja M Shanmugham in a release also thanked her for announcing revised priority sector lending norms for exporters, which wil...
- Ethiopia beckons Tirupur garment exportersTirupur saw its export decline by 8% to 24,000 crore in 2017-18 for the first time in five years.
- Tiruppur knitwear exports fall about 8% in 2017 -18This is the first time in the past five years that knitwear exports from Tiruppur have declined. In 2016-17, the exports at Rs 26,000 crore...
- Demonetisation ground report: A year on, Tiruppur is still counting gains from note banTiruppur accounts for exports of Rs 26,000 crore a year and has 1,100 garment making units, of which about 200 are large entities with thou...
- Strong rupee and incentive cut may hit garment export from TirupurMost countries like Vietnam, Cambodia and Bangladesh enjoy free trade agreement with Europe, which is one of the major destinations for Ind...
- Tirupur Exporters Assn plea to Centre on ROSL refundROSL has been pending for most of the garment exporting units and only a few got the amount partially till December, TEA president Raja M S...
- Want job work on apparels also be brought under 5 per cent GST rate: Tirupur Exporters AssociationAs the processes are only of B2B nature and since the final product garments fall under five per cent slab, levying 18 per cent on job work...
- Budget 2017: Exporters seek adequate infrastructure for textile sectorThere is a dire need to build large-scale labour housing and hostels in Public-Private Partnership mode so as to enable the permanent migra...
- Five former senior officials from MindTree join Ashok Soota's Happiest MindsHappiest Minds, the IT venture founded by former MindTree chairman Ashok Soota, announced 11 more co-founders of which five are former seni...
- Ashok Soota sells 5.5% in MindTree for $21 mn, CCD boss V G Siddhartha buys 6%Ashok Soota sold half of his 11% stake in the company he co-founded and raised nearly $21 million to fund his technology services start up.
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