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TEA Welcomes Growth Oriented And People Centric Union Budget

Chennai: Port Wings News Network: Shri. K.M. Subramanian, President, TEA, welcomed the growth oriented and people centric budget and specifically mentioned that the seven priorities “Saptarishi” would together trigger for the economic growth of our country. He said the priority given for infrastructure development will go a long way for …

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Exports in negative territory due to recession like situation, slowdown and rising inflation in most economies: Dr A Sakthivel, President, FIEO

New Delhi: Port Wings News Network: Responding to December, 2022 Trade Data, FIEO President, Dr A Sakthivel said that merchandise exports in negative territory is o­n expected lines as the challenges continue due to recession like situation, slowdown and rising inflation in most economies across the globe. Decline in merchandise …

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New Year Message from FFFAI Chairman Shankar Shinde

Season Greetings! Wishing you all Happy, safe, healthy and Prosperous New Year 2023! I take this opportunity to thank all our members and trade fraternity for continued patronage and support to the Federation that has helped all of us to successfully sail through even the challenging years of pandemic and …

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India-Australia ECTA Operational, Will Benefit Significant Indian Exports With Zero Duty Market Access for 100% Tariff Lines: FIEO Chief Sakthivel

New Delhi: Port Wings News Network: India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), which has come into force today will benefit Indian exports from preferential duty market access in Australia for 98.3% of its tariff lines which will further deepen from 1st January, 2023, just after 3 days, which …

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Government Committed To Improve Trade Facilitation Facilities for Stakeholders: Nirmala Sitharaman

Chennai: Port Wings News Network: Prime Minister Narendra Modi’s government is committed to improve the trade facilitation facilities for stakeholders including customs officers and trading communities, Union Finance Minister Nirmala Sitharaman has said. Participating in the stone-laying ceremony of the 9-storeyed ‘Vaigai’ Customs House Complex at an estimation of Rs …

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TEA Requests To Increase Packing Credit Interest Subsidy From 3% to 5%

Chennai: Port Wings News Network: Tiruppur Exporters’ Association (TEA), the umbrella body of knitwear exporters in Tamil Nadu, has requested the Reserve Bank of India to extend “Export Refinance Scheme” to banks to augment export credit. In a media statement, Shri.K.M.Subramanian, President of TEA, said: “Under such a mechanism, banks …

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