Exporters welcome DGFT notification on DEPB

April 22, 2010 04:05 pm | Updated 04:05 pm IST - Coimbatore

A file picture of Mr. A. Sakthivel, President, FIEO. Photo: Bijoy Ghosh.

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.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.