Tirupur Exporters' Association (TEA), expresses its happiness after Hon'ble Finance Minister's statement that the Union Budget will focus on growth and give relief to the sectors, affected by the appreciation of the rupee.
Although, the Textile Industry is one of the high growth and employment provider compared to other industries, India's global market share in Textile is mere 3.4 percent.
However, it is noteworthy, that the sector has the capacity and potential to attain a market share of 8 to 10 percent provided some of the issues gets sorted in the forthcoming Union Budget 2008-09.
TEA is confident, the 9 percent economic growth would continue and this achievement could be attributed to the right kind of Fiscal Policies and good vision of Hon'ble Finance Minister.
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Tirupur Exporters' Association (TEA)
marketing@alchempro.com
