Latest news with #TEAMA
The Hindu
2 days ago
- Business
- The Hindu
Garment and textile fair in Germany in September
About 100 garment and textile exporters from different textile clusters in the country will put up stalls at Texpo 2025, an exhibition focusing on sustainability, to be held in Germany from September 16 to 18. Organised by the Tirupur Exporters and Manufacturers Association (TEAMA) and Texpo Global Projects, the event is supported by the Tamil Nadu government and will have nearly 30 exhibitors from Tiruppur. There are plans to have a similar expo in the US too. The exhibitors will be supported to go online with their products for business to business opportunities. Buyers will be identified in Germany and they will participate in the buyer-seller meet to be held during the three days in Germany. The organisers have tied up with multiple international agencies who will help prepare samples for the buyers, etc. The focus will be on sustainability, circular economy, innovation. The sellers will be certified manufacturers, the organisers said. A roadshow was held in Tiruppur recently and similar meetings will be held in Karur, Surat, Ludhiana, etc.
New Indian Express
28-05-2025
- Business
- New Indian Express
Tiruppur knitwear makers hopeful of better profits after ban on garment imports from Bangladesh
TIRUPPUR: Knitwear manufacturers of Tiruppur are gleeful as they believe that the ban imposed by the central government on the import of ready-made garments from Bangladesh through land ports will lead to the growth of domestic production in Tiruppur. Currently, the value of domestic production annually is about Rs 30,000 crore. MP Muthurathanam, president of Tiruppur Exporters and Manufacturers Association (TEAMA), said, 'On May 17, the Directorate General of Foreign Trade shut down all land ports with Bangladesh for import of apparel (ready-made garments) from Bangladesh. Import of ready-made garments is allowed only through two seaports. This is good news for our domestic manufacturers since Tiruppur's domestic production has not risen above Rs 30,000 crore since five years as ready-made garments are being imported from Bangladesh.' 'There is a tax rebate on ready-made garments imported from Bangladesh. Plus, the labour costs are lower there. Even if raw materials are imported from China to Bangladesh, there is no tax for the industrial sector. Due to this, they are able to sell ready-made garments at 20-25% less than our prices. As a result, many big domestic traders buy from Bangladeshi manufacturers, affecting our orders,' he added. Further, Muthurathanam said, 'We have expressed our concerns to the central government in this regard. This move will greatly reduce the import of ready-made garments, and will also restrict the entry of cheap raw materials from China into India. In 2024, India's imports of ready-made garments from Bangladesh were valued at USD 634 million.'
