In a statement Raja M Shanmugham, President, Tirupur Exporters’ Association said that Jaiwadan Ingle, Regional PF Commissioner I, EPFO, Coimbatore along with Tirupur District EPFO officials visited Tirupur Exporters’ Association to know the current scenario of Knitwear export sector and he also pointed out the declining of PF contribution from number of employees significantly. The PF Commissioner stressed the importance of PF contribution for the benefit of security of the employees.
During the discussion, Raja M Shanmugham specifically noted about the difficulties being experienced by knitwear export sector further to Demonetization and implementation of GST and also dwell upon about the challenging business environment in global market. The Regional PF Commissioner said the PF contribution is statutory for an employee and as the knitwear sector is undergoing financial difficulties, he has given the option for payment of employees share first and employers share at a later date with a specified time frame after mentioning the financial difficulties in a statement and submitting it to EPFO. Raja M Shanmugham said members would be requested to comply with PF Contribution.