Weave revival story as knitwear exports rise 11.6% in rupee terms
Garment exporters in Tiruppur have urged the government and the Reserve Bank of India (RBI) to come out with an “Export Refinance Scheme” for banks to augment export credit.
TIRUPPUR: The garment sector described the union budget as a mixed bag. Major exporters in Tiruppur welcomed the proposals whereas SMEs expressed disappointment.
Tirupur, Feb 1 (KNN) With the union budget laying emphasis on enhancing the yield of Extra Long Staple (ELS) cotton, K.M. Subramanian, President, Tiruppur Exporters Association (TEA) said that it is a long requirement of textile industry which will help to increase manufacturing of value added garments and also reduce the import of ELS Cotton.
திருப்பூரின் ஏற்றுமதி வர்த்தக மேம்பாடு தொடர்பான கலந்தாய்வு கூட்டம், திருமுருகன்பூண்டியில் நேற்று நடந்தது.
COIMBATORE: Major textile bodies in the region on Wednesday welcomed the Union Budget by terming it as one aiming at strong and stable economic growth. President of Tirupur Exporters Association (TEA) K M Subramanian said the budget mentions the seven priorities "Saptarishi" that would trigger the economic growth.