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Textile sector keeping fingers crossed

R. Vimal Kumar

Tirupur: On the poll eve, the textile fraternity of Tirupur Lok Sabha constituency are sitting anxiously with their fingers crossed to know the nomenclature of the next government at the Centre.

They are eager to see a government, which will provide export-friendly packages and extend subsidies to increase cost competitiveness, thereby help them come out of the impact caused by global recession.

Though by and large the industrialists in the textile sector are taking the poll promises of sector-specific sops doled out by the candidates with a pinch of salt, they did not want to waste their right to vote.

“We will consider the candidate’s individual proficiency and his ‘real’ willingness to work for the betterment of textile industry, before casting our vote, since election manifestoes of the candidates in the fray are just populist ones and its contents are almost the same,” K. Swaminathan, president, South India Hosiery Manufacturers Association, told ‘The Hindu’.

Referring to the expectations of the textile exporters from the next government, A. Sakthivel, president of Tirupur Exporters Association, said that the entrepreneurs here wished to see the government announce a 7 per cent packing credit interest across the board and a five-year tax holiday for them.

Refund

Besides, textile exporters should be exempted from service tax and fringe benefit tax, instead of the refund of tax on few services.

“Such measures are essential for us to remain competitive at this period when the global demands have shrunk owing to economic meltdown,” Mr. Sakthivel said.

The knitwear manufacturers sounded in unison that a dedicated power station needed to be set up for the industry to overcome fluctuations in the supply, which have been affecting production standards considerably.

Similarly, diesel should be provided to the garment factories at heavily subsidised rates for captive power generation to meet the electricity demands during power cuts, they said.

The dyeing unit owners are looking forward to obtain subsidy from the next government to offset the capital expenditure incurred for setting up 20 Common Effluent Treatment Plants (CETPs) in the cluster recently to combat pollution.

“We need the government to subsidise at least 75 per cent of the outlay of Rs. 801 crore,” said S. Samiappan , president, Dyers Association of Tirupur.

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