TEA submits Memorandum to Parliamentary Standing Committee

19 Feb '08

2 min read

Tirupur Exporters' Association, popularly known as TEA consists of more than 650 exporters as members functioning for the interests of knitwear garment exporters and overall development of Tirupur.

During the year 2006-07, knitwear exports from Tirupur recorded Rs. 11,000 crores and has set an export target of Rs. 25,000 crores by the end of 11th Five Year Plan.

However, due to appreciation of rupee by 14% against dollar, first time, the exports from Tirupur is facing the downward trend with a negative growth of 10% against the past two years growth rate at above 15%.

Though the textile industry is one of the high growth and employment provider compared to other industries, our global market share in textile is less than 3.5% only and for reaching the Textile Ministry's envisaged target of 7% in global market and to adjust ourselves to new dynamics, some of the issues given below have to be addressed by the Government.

RUPEE APPRECIATION AGAINST DOLLAR:
We would like to submit that while maintaining our export growth above 15% consequently for two years, the appreciation of rupee against dollar by 14% have totally dampened the spirit of the Tirupur knitwear exporters.

Now, by looking up the current export trend with negative growth of 10%, we apprehend that the export growth would not be the same and it will decline in the coming year.

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Tirupur Exporters' Association

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