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There is a mood of optimism among exporters in the Tirupur knitwear cluster. With exports clocking Rs 15,000 crore mark in the first nine months of the current fiscal, up 19 per cent in rupee terms and around 18 per cent in dollar terms compared to the corresponding period of the previous year, exporters are confident of achieving Rs 21,000 crore in 2014-15.
“If the same growth trend continues, we would be able to double exports in 3 years from Rs 18,000 crore in 2013-14 to Rs 36,000 crore in 2016-17,” said A Sakthivel, President, Tirupur Exporters' Association.
The association has, in its pre-budget memorandum submitted to the Finance Minister Arun Jaitley appealed for addressing specific issues like 3 per cent Interest Subvention on Rupee Export Credit, import of Speciality Fabrics without payment of duty under Export Performance Certificate Scheme in which maximum of 3 per cent of the licence may be allowed for import of fabrics without restricting it to 1,000 metres, as synthetic garments have market throughout the year globally, and for expediting the FTAs with EU and Canada.
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