Garment exporters seek RoDTEP
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AAA The Tiruppur Exporters’ Association (TEA) has appealed to the Central Government to implement the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme and include additional sops to mitigate the ongoing challenges faced by the sector.
In a memorandum to the Union Textile Minister Smriti Irani, the Association president Raja Shanmugham said that nearly 95 % of units in the garment sector were MSMEs. Subsequent to the lockdown last year, the government announced financial and other supportive measures and the Tiruppur garment sector had revived and exports were at the normal level. However, with hike in cotton yarn prices and disruptions in availability of the yarn, the exporting units, especially the smaller ones were hit hard. Since this trend could affect the entire garment sector, the industry needed positive intervention from the government. Hence, Mr. Shanmugham said, the government should
Garment exporters in Tiruppur have appealed to their buyers to increase the prices for the products, especially those made of organic cotton.In a letter to the brands, president of Tiruppur Exporters’
One of the country s largest car makers chartered three flights in the last 2-3 months to airlift raw materials and parts from the South East Asian countries to its Chennai plant as sea transportation continued to be a challenge due to the non-availability of containers to and from India. A company official, requesting anonymity, said over 150 metric tonnes of raw materials and components were brought into the country by air in three months. These would have, otherwise, come through sea. His company expects to do a few more charter trips in the coming months considering the container shortage is not expected to ease in the near future.
Exports from Tirupur surge to record levels
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This story is from December 17, 2020
Exports from Tirupur surge to record levels
Rajesh Chandramouli / TNN / Updated: Dec 17, 2020, 17:25 IST
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(Representative image)
CHENNAI: It’s a perfect Christmas gift that garment exporters from the knitwear capital Tirupur were looking for, as exports for the October-December quarter may be among the best quarters ever, with a 15% increase in exports.
“We expect exports to grow at least 15% (by volume) and 10% by value for this quarter,” said Raja Shanmugham, head of Tirupur Exporters Association. The demand pull has been so strong that exports for the current fiscal may top last years’ Rs 25,000 crore even though more than two months were lost due to lockdown and production impairment due to labour shortage.
Garment Exports From Tamil Nadu s Tirupur Likely To Grow By 15 Per Cent In Oct-Dec Quarter Due To Strong Demand
Workers at a garments factory. (Getty Images)
Garment exporters from Tiripur in Tamil Nadu are staring at a 15 per cent growth for the October-December quarter and are expecting international sales for the current fiscal to surpass the previous financial yearâs total of Rs 25,000 crore.
Pent-up demand after a period of decreased spending by the consumers coupled with anti-China sentiment amongst the buyers has resulted in a strong revival of demand, reports
Times of India.
Moreover, a favourable INR/Euro ratio has also aided the traders considering that the European Union is one of the largest importers of garments from Tirupur.