Cities » Coimbatore

Updated: April 22, 2010 16:05 IST

Exporters welcome DGFT notification on DEPB

print   ·   T  T  
A file picture of Mr. A. Sakthivel, President, FIEO. Photo: Bijoy Ghosh.
The Hindu
A file picture of Mr. A. Sakthivel, President, FIEO. Photo: Bijoy Ghosh.

Tirupur Exporters’ Association (TEA) today welcomed the public notice by Director General of Foreign Trade on removal of 7.67 per cent DEPB benefit for export of cotton yarn, including Melange yarn with immediate effect.

In a press release, TEA president, A. Shaktivel said it was a welcome measure and expressed hope that cotton yarn prices would come down within a week, which was the need of hour for knitwear export sector.

The association has written to Union Minister for Textiles, Dayanidhi Maran, thanking him for his support and efforts to save the garment sector, which provide employment to lakhs of people.

More In: Coimbatore

Coimbatore Today

Prayers to Sri Annai: Sasibalika Vidya Mandir, Azad Road, 10 a.m. and Sri Annai meditation Centre, W7C, Kovaipudur, 4 p.m. Samvatsarabisheka Peruvizha: Varasidhi... »

Tamil Nadu





Coimbatore Connect Newsfeed



Recent Article in Coimbatore

District Collector Archana Patnaik taking part in a rally to mark ‘National Voters’ Awareness Day' in Coimbatore on Sunday. —PHOTO: S. SIVA SARAVANAN

‘Vote to ensure cent per cent voter participation’

Every voter should exercise his or her franchise to ensure cent per cent voter participation, said Principal District Judge N. Seshasayee... »