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Decline in exports from Tirupur

16
Apr '08
In a Press Release issued (7.4.2008), Shri. A. Sakthivel, President, TEA said as has been mentioning through out the year, during the Financial Year 2007-08, the exports from Tirupur has declined by 10% and clocked Rs. 9,950 crores as against Rs. 11,000/- crores registered in 2006-07.

It may be noted that the consolidated export figure has been arrived based on the figures provided by Tirupur based banks.

Shri. A. Sakthivel added that Tirupur was usually experiencing 15% growth after abolition of quota and if the decline of 10% in 2007-08 is included, then the total export loss from Tirupur is 25%.

Shri. A. Sakthivel has also requested the Central Government for removal of Fringe Benefit Tax, payment of all Service Taxes, reduction of interest rates and refund of state levies and taxes.

1. The 10% decline in Tirupur Export has happened first time in the history of Tirupur exports since 1985.

2. Due to this, there will not be any off take in the TUF Scheme for modernisation / expansion of the garment units.

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