Latest News | Exporters Seek Hike in Subsidy for Units

Coimbatore, Oct 21 (PTI) Tirupur Exporters Association (TEA) on Friday requested Union Finance Minister Nirmala Sitharaman to increase subsidy under the interest equalisation scheme to 5 per cent for garment exporting units.

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In a letter to Nirmala Sitharaman, a copy of which was released to the press, TEA said the units are now facing a threat to their existence owing to less booking order, delay in receiving payment, non-acceptance of booked orders and deferment of shipment. PTI NVM

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)