Though the Government of India has come up with a few new facilities for India export industry but the sector doesn’t seem to be satisfied with that. M. P. Muthurathinam, President of Tirupur Exporter and Manufacturers Association (TEAMA) said that the recent increase in duty drawback for cotton garments by 0.2 per cent and also the approval given for Interest Stabilization Scheme are not going to help the knitwear industry significantly. He further stated that the Government should increase the duty drawback rate for cotton garments from 7.7 per cent to 12 per cent as even the polyester-made apparels are enjoying 9.5 per cent duty drawback. Muthurathinam has also suggested that the Government should constitute a committee to study the actual problems faced by the garment exporters here due to trade-related disparities vis-a-vis competitive countries.
“The industry wanted is a holistic trade policy that could help the exporters here to compete with the garment exporters in countries like China, Bangladesh and Vietnam on level playgrounds. Everyone should understand that the processing and labour charges are very high here when compared to countries like Bangladesh,” said Muthurathinam. He also insisted that the major demand of the knitwear exporters is to get working capital and term loans at lower interests.
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Bharat Tex Special Report 2026 
