Knitwear units in Tiruppur, which are struggling due to a variety of issues such as Covid-19, a lack of containers and ships to export finished products, and an economic slowdown, have approached the Union Government with a request to expedite the reimbursement of the Rebate of State and Central Taxes and Levies (ROSCTL), which would help them sail through the current crisis.
The knitwear exports sector in Thirupur has been impacted by the second wave of Covid-19 and was struggling to meet their statutory financial commitments. The total readymade garment (woven and knitwear) exports from India between January 1, 2021 and 31st August 2021 was ‘75,250 crore. The TEA president has written to M Ajit Kumar, chairman, Central Board of Indirect taxes and Customs seeking help to tide over the difficulties being experienced by the knitwear garment exporting units.
Despite a number of hurdles, the TEA is working hard to establish itself as India’s fashion hub for manufacturing casual wear of world standards, and has begun a huge talent development initiative in collaboration with the Union Textile Ministry.
