Union Minister of Textiles Smriti Irani has assured to address Tirupur’s apparel industry-specific issues.
Tirupur Exporters’ Association (TEA) President Raja M. Shanmugham recently met Smriti Irani, Upendra Prasad Singh, Textiles Secretary, and raised some important issues.
On behalf of Tirupur’s apparel industry, Raja appealed to address a slew of knitwear issues including reduction of sales turnover threshold limit for knitwear unit from Rs. 100 crores to Rs. 50 crores to avail the incentive under envisaged Product Linked Incentive (PLI) Scheme, immediate announcement of RoDTEP rates with additional benefit of 2 per cent or 3 per cent for a shorter duration to offset the increasing yarn prices, extension of Interest Equalisation Scheme with 5 per cent subsidy for another three years.
He has also specifically noted the difficulties being experienced by exporting units post Union Budget in submission of bond for clearing accessories. Moreover, no procedure has been stated for closure of the submitted bond, he added.
The Minister has assured to address the issues stunting the growth of Tirupur cluster.
Raja, who had a detailed discussion on various issues with Textile Secretary, extended an invitation to visit Tirupur to understand the ground realities. The Secretary was also positive and very keen to address the issues and promised to visit the region.







