Large-scale migration following a pan-India lockdown in March last year had not just wrought havoc on the workers themselves but also crippled the production lines of companies, especially in labour-intensive sectors such as textiles and garments, footwear and gems and jewellery.
Garment exporters in Tiruppur have appealed to Union Finance Minister to announce measures that will provide financial support to the exporting units.
When Europe gets cold Tamil Nadu sneezes. The adage has been proved again as countries like Germany, France and Britain announced lock down due to Covid-19 pandemic leaving nearly one thousand knitwear units in Tirupur gasping for breath.
The Tirupur Exporters' Association (TEA) on Tuesday welcomed the extension of Interest Equalisation Scheme for pre and post-shipment Rupee Export Credit, with same scope and coverage, for three more months up to June 30, 2021, as announced by the RBI.
Manufacturers, however, say they are receiving enquiries
Coimbatore, Apr 16 (PTI) Tirupur Exporters Association (TEA) on Friday appealed to Union Finance Minister Nirmala Sitharaman to announce measures, including extension of Emergency Credit Line Guarantee Scheme to the apparel sector to help it come out of the crisis.