Textile firms disappointed with budget

An allocation of Rs 1,855 crores was made last year for export of garments and made up’s. 

Timely disbursement of government dues is very much essential to ensure adequacy in working capital and to achieve a sustained growth rate in exports and job creations, he said.  

Nataraj appealed to the government to clear the long pending ROSL benefits and other dues to ease the financial position of the exporters.

Expressing a similar view of disappointment over less allocation of amount for ROSL, Tiruppur Exporters Association (TEA) president M Shanmugham said that the actual requirement for the apparel sector under ROSL scheme, which came into effect in September 2016, till March 2018 is 5,000 crore.

“The concern is that the made up sector should also be given ROSL benefit from the allotted amount,” he said.