• Download mobile app
19 Apr 2024, Edition - 3202, Friday

Trending Now

  • IPL 2024 begins with a bang. First contest between CSK and RCB.
  • Election commission allots mike symbol to Naam Thamizhar Katchi
  • AIADMK promises to urge for AIIMS in Coimbatore, in its election manifesto.
  • Ponmudi becomes higher education minister.

Coimbatore

Knitwear exporters want repo rate cut benefits to be passed on

Covai Post Network

Share

Knitwear exporters in Tirupur today appealed to banks to pass on the rate cut benefits to exporters who have
been struggling and facing initial hiccups after implementation of the Goods and Services Tax.

In a statement, Tirupur Exporters’ Association president Raja Shanmugam thanked the monetary policy committee for reducing the repo rate to 6 per cent. However, banks should pass on the rate cut benefit to exporters, he added.

The association has already represented to all banks for enhancement of limit to ease the working capital blockage of its units, especially SMEs, and hoped this would be considered favourably.

Subscribe To Our Newsletter

COIMBATORE WEATHER