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TEA terms Union Budget 2021-22 as 'pragmatic'


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The Tiruppur Exporters Association (TEA) has termed the Union Budget 2021-22 as pragmatic as it addresses issues of all sectors at a time when the Indian economy is getting back to normalcy. The association also welcomed the announcement of setting up seven mega textile parks in the country over a period of 3 years with plug and play facilities.
Union minister of finance and corporate affairs Nirmala Sitharaman presented the Budget in Parliament today.
TEA president Raja M Shanmugham welcomed the fund allocation to roads and highways infrastructure facilities, specifically to Tamil Nadu State. In her Budget speech, Sitharaman proposed 3,500 km of National Highway works in the state of Tamil Nadu at an investment of ₹1.03 lakh crore. She also announced the Chennai-Salem corridor: a 277 km expressway will be awarded, and construction would start in 2021-22. ....

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