The total All India Readymade Garment exports recorded Rs. 1,07,680 Crore in 2017-18 against Rs. 1,16,510 Crore achieved in 2016 - 17, with a decline of 7.6%. While comparing the knitwear exports, it is observed that the export has declined by 5.4%, from Rs.55,150 Crore in 2016-17 to Rs. 52,170 Crore in 2017-18 and at the same time, knitwear exports from Tirupur alone has come down from Rs.26,000 Crore to Rs.24,000 Crore, a decline of 7.7%.

I wish to note that the most disturbing export trend after implementation ofGST has been continuing month on month since October 2017, on an average, it works out to 19% and to mitigate the crisis we have been requesting the Government to enhance the lifeline support systems like Duty Drawback Rate, ROSL...Read More