Tamil Nadu - Textile bodies thank CM on VAT

Southern India Mills' Association (SIMA) today thanked Tamil Nadu Chief Minister Jayalalithaa for deciding to remove five per cent VAT on cotton fabrics and its related products. In a statement SIMA Chairman J Thulasidharan said the decision would benefit the power loom and knitwear garment sectors in Tirupur and Made-up sector in Karur and Madurai. Meanwhile, Tirupur Exporters Association President A Shaktivel also thanked Jayalalaithaa for removing the VAT, which he said would increase the competitiveness of the garment sector.