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Tirupur records 19 percent jump in exports to Rs 15,000 cr

Tirupur’s knitwear hub South India has recorded a 19 per cent rise in exports in rupee terms to touch Rs 15,000 crores during the first nine months from April-December, of the current fiscal. With around 7,000 units out of which 85 per cent are small and medium enterprises (SMEs), the region’s exports in dollar terms were 18 per cent for the period under review.

As per A Sakthivel, President of the Tirupur Exporters Association (TEA), the export figure was arrived at after consolidating the bank-wise export data collected from banks. Now the players are optimistic about crossing the export figure of Rs 21,000 crores by March 2015, provided the industry is able to maintain the same growth trend in the fourth quarter. By 2016-17, exports are expected to reach Rs 36,000 crores, almost double the figure achieved in 2013-14.

Exporters from Tirupur have appealed to Finance Minister Arun Jaitley in a pre-Budget memorandum to address issues like announcement of three per cent interest subvention on rupee export credit, import of specialty fabrics without payment of duty under Export Performance Certificate Scheme and speedy initiation of FTAs with EU and Canada.

www.tea-india.org

 
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