Tirupur Exporters’ Association (TEA) has submitted pre-budget memorandum for the ensuing Union Budget 2021-22 to the Union Minister of Finance Nirmala Sitharaman and requested to address the same.
The same has been shared with Smriti Irani, Union Minister of Textiles, Arvind Kumar Sharma, Textiles Secretary (Additional Charge) and other senior officials.
Raja M. Shanmugham, President, TEA, informed that housing for labour, requirement of R&D support to Tirupur cluster and individual units, to include sma-1 and sma-2 category units under ECLGS scheme, market promotion support to reputed industry associations, remission of duties and taxes on exported products (RODTEP) are some of the requests made by the TEA to the Government.
He has urged the minister to address the issues in the ensuing Union Budget 2021-22 and help grow knitwear sector exports.
If the above-mentioned demands get fulfilled, Tirupur’s apparel export can grow well. It is pertinent to mention here that during 2019-20, Tirupur exported knitted apparels worth Rs. 27,280 crore, which is 51.3 per cent of India’s total knitted apparels.
Even during 2020-21 (April to November), its knitted export was Rs. 14,150 crore.