Tirupur exporters have urged the Union Finance Minister to order the release of duty drawback rates immediately and help maintain the growth trend of the knitwear clusters.
Tirupur Exporters Association President A Sakthivel said the exporting units in this knitwear hub had not received duty drawback rates for the past four months. The total duty drawback amount pending to the exporting units in Tirupur alone works out to around ₹450 crore.
This has affected the cash flow and production plans significantly. Exporting units are now caught between taking future orders confidently and allowing to let go the orders that come their way.