A Sakthivel news and archive

Textile debt restructuring plan gets approval

The textile industry took a huge sigh of relief after receiving the clearance of Finance Minister pertaining to debt restructuring proposals for the textiles and clothing industry. In a meeting with the Finance Minister, Textile Minister Anand Sharma obtained clearance for restructuring of debt worth Rs. 35,000 crores for the industry which...

Apparel

Sakthivel takes over as AEPC Chairman

A Sakthivel has takenover as the new Chairman of Apparel Export Promotion Council (AEPC). Sakthivel has assumed this position for the third time, AEPC said in a release issued to the media. Earlier, he served as the Chairman during 1998 and the 2004-05. He is also the President of Tirupur Exporters' Association since its inception. After being...

Fashion

Union Budget disappoints India’s textiles and clothing sector

The Union Budget for the year 2010-11 has received mixed reactions from the Indian textile and clothing industry. Of course, the Union textiles minister Dayanidhi Maran, has hailed the Budget saying the initiatives will lead to economic revival, infrastructural and agricultural development, inclusive growth and restoring export growth. He is...