New Delhi, April 13 (KNN) The Tirupur Exporters' Association (TEA) has urged the Union Finance Minister Nirmala Sitharaman to provide labour intensive MSME driven garment industries an additional 20 per cent loan support under Emergency Credit Line Guarantee Scheme (ECLGS).
Braving the scorching heat of an April summer, Selvarajan is on his two-wheeler riding through the dusty bylanes of Tirupur, carrying a bundle of fabrics on the pillion of his bike.
The textile hub of Tirupur in Tamil Nadu and tea estates of southern India and Assam are witnessing a surge in overseas orders as the export demand has diverted to India from Sri Lanka owing to the economic and political crisis in the island nation. Garments and tea are the major exports from Sri Lanka.
In February, India signed the CEPA with the UAE
Coimbatore (TN), Apr 2 (PTI) Industries body Tirupur Exporters’ Association (TEA) on Saturday said the signing of India-Australia Economic Cooperation Trade Agreement will help reach the export target of USD 1 trillion by 2030.
Despite being hit by the Covid-19 pandemic, the knitwear hub of Tiruppur has clocked exports worth Rs 33,525 crore in the 2021-2022 fiscal accounting for 54.2 per cent of the country’s total exports in the sector, an all-time high.