The  has urged the government to reconsider the decision to reduce the duty drawback rate saying it would badly affect the garment sector in neighbouring hosiery town of Tirupur. Tirupur Exporters Association president Raja M Shanmugham said the reduction in drawback rate to knitwear export sector from 7.6 to two per cent would adversely affect the Tirupur export garment sector. It has come as a rude shock to exporters, who are already facing severe competition in the global market, he said and appealed to the government to have a re-look at the issue.

Share