Tirupur Exporters' Association (TEA) today thanked Tamil Nadu Chief Minister K Palaniswami for making a representation to Prime Minister Narendra Modi requesting him to address a few important issues affecting the textile industry.
In a press release, TEA president Raja M Shanmugham said the representation touched on issues concerning the Tirupur knitwear export sector and making the industry sustainable in the global market.
Thanking the chief minister for considering the representation from TEA, Shanmugham said the knitwear sector had seen a decline in competitiveness by about 10 per cent due to customs duty-free status enjoyed by the competing countries like Bangladesh, Sri Lanka and Ethiopia.
Other issues like decrease of Rebate on State Levies (ROSL) from 3.5 per cent to 1.7 per cent and duty drawback rate from 7.7 to two per cent and ROSL pending claims have been included in the representation, he added.
Also, he said the government could take steps to unveil a new integrated textile policy which would help rejuvenate the industry in the state including the garment export sector in Tirupur near here.
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