Exports from Tirupur bearish this fiscal: TEA

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Tirupur, Oct 4 (UNI) For the first time in history, knit wear export from this hosiery town will see a decline due to Rupee appreciation, Tirupur Exporters Association (TEA) Chairman A Sakthivel has said.

''We may not touch the export figure of Rs 11,000 crore recorded last year, unless the Centre helps the exporters by providing various sops like removing octroi and service duty,'' he told newspersons here.

''The exporters are completing their earlier orders, which they got before July this year. They have not received any fresh orders as the buyers and buying agents are looking at neighbouring countries like China, Bangladesh and Pakistan,'' he added.

Mr Sakthivel said the Rupee appreciation had its toll on the employment too, with atleast 8,000 workers losing their jobs in this hosiery town.

''If this trend continued over 50,000 people will lose their jobs,'' he opined.

He alleged that the Centre had not taken any immediate measure to save the textile sector, which provided large employment next to agriculture in the country.

The exporters were working hard to reduce their production cost to compete in the world market without fully depending on the Centre.

''We are looking at other markets like South America, African countries, Australia, New Zealand and Japan,'' he added.

UNI

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