NEW DELHI - MSME contribute 95% of total 1200 exporting units in Tirupur known as “Dollar Town” contributed Rs. 33,000 Cr exports during the FY 2021-22. In order to setup an ambitious target of Rs.33,000 Cr export from Tirupur and in order to understand issues and suggestions from the exporters Shri Piyush Goyal, Hon’ble Union Minister for Commerce and Industry & Textiles had an interactive meeting with FIEO & AEPC Members on 26th June, 2022 at Tirupur. The session was also participated by Dr L Murugan, Hon’ble Union Minister for State for Information and broadcasting; Dr A Sakthivel, President, FIEO, Shri Sudhir Sekhri, Vice Chairman, AEPC; Shri T V Chandrasekharan, Past Chairman, HEPC; Shri Raja M Shanmugam, President, TEA; Shri Geethanjali S Govindappan, Vice President, SIHMA; Shri Akhil S Rathinasamy, President, KNITCMA and Shri V Elangovan, MC Member, FIEO. More than 350 exporters apart from RMG sector from Tirupur, Engineering, Agri and Processed Food, Textiles, Yarn sectors from Coimbatore, Karur, Madurai, Erode, etc. participated in the program.
Dr A Sakthivel, President, FIEO in his welcome address appreciated the efforts of the Govt in addressing the issues of exporters quickly and opening up vistas of market opportunities, which helped the country in crossing export of USD 422 Billion during the last financial year. Dr Sakthivel appreciated the untiring efforts of Union Commerce and Industry Minister in concluding FTAs with UAE and Australia and opined that on going negotiation with UK, EU, GCC, etc. will throw open new opportunities for Indian exporters. FIEO President also requested Hon’ble Commerce and Industry Minster’s attention on suggestions including linking issuance of RoSCTL and RoDTEP with export realization for better value, including left over sectors like Iron & Steel, Pharma, Chemicals etc. in RoDTEP, extending the benefits to EOU/SEZ units, AAA/DFA users, announcing revised TMA for Agri Sector, solution on money struck for export made to Sri Lanka, implementation of Rupee Payment System for export to Russia, Creation of MSME Market promotion fund, market access for emerging sectors in services, etc.
Dr L Murugan, Hon’ble Minister of State for I&B in his address highlighted various initiatives of Govt of India for welfare the country. He also highlighted the benefits of newly signed FTAs, which will help the country to grow in manifold. For reducing the logistics cost, revolutionary measures such as PM Gati Shakti, the National Master Plan, would help improve infrastructure planning and ensure the implementation of projects within time and budget. Setting up of Multi Modal Logistics Parks, focus on container manufacturing, East West and North South freight corridors are steps in the same directions.
Other industrial leaders addressed during the session raised issues of abnormal increase in raw material price, uncertain global environment, need for faster cross boarder movement of cargo for helping Indian exporters in joining Global Value Chain, non-availability of adequate and timely funding for MSMEs, etc.
Shri Piyush Goyal, Hon’ble Minster for Commerce, Industries & Textiles in his address appreciated the efforts of exporters in Tirupur to have consistent growth. Tirupur is one example, which entire India should copy as a tiny cluster with Rs.15 Cr exports during 1985, Tirupur exported Rs. 30,000 Cr worth of goods during the year 2021-22 apart from Rs. 20,000 Cr domestic turnover. Today, Tirupur employs 6 lakh directly and 4 lakh indirectly. It has become hub for entrepreneurship and successful start-ups. Referring to the Rs. 200 Cr funding given by the Central Govt for common effluent treatment plant, Hon’ble Minister said that today Tirupur has become zero discharge, which has been appreciated globally. Tirupur with compound annual growth of 22.87% since last 37 years, has become the model not only for India, but also globally.
While calling Tirupur textile cluster as Pride of India, Shri Piyush Goyal suggested that around 75 cluster of similar nature should be created in potential districts across India with the support from industries in Tirupur. While referring to potentials of India to become a developed Country, Shri Goyal said that with the GDP annual growth of 8 to 8.5%, India aims to become USD 30 Trillion economy.
