Majority of the garment exporting units are MSMEs and they are labor-intensive and vulnerable to several external factors. The government should step in to bring stability to raw material prices, said the President of Tirupur Exporters’ Association (TEA) Raja M. Shanmugham.

The multi-billion dollar garment industry in Tirupur has survived another wave of Covid, without lockdowns or large-scale desertion of guest workers.

Finance minister Nirmala Sitharaman has announced in the Union Budget that exemptions are being provided to zippers, buttons and lining materials to incentivise textile exports from India, thus making it easier for exporters to manage liquidity. But economic relief is not expected as of now as tax amount on import of these items used to be refunded.

Weavers, garment manufacturers and textile mills in Tamil Nadu are struggling for the last 15 months to manage the increasing cost of raw materials.

Coimbatore, Jan 20 (PTI): Tirupur Exporters’ Association (TEA) on Thursday thanked Tamil Nadu Chief Minister M K Stalin for raising the issue over price increase of cotton and yarn with Union Textile Minister Piyush Goyal.

With no specific announcement in the Union Budget that will directly benefit the textile and clothing sector, the industry has said steps to support MSMEs and attract investments will benefit the textile industry too. However, there should be measures to control raw material prices, the industry associations said.