Chennai, April 20 -- The Tirupur Exporters Association (TEA) has requested the Reserve Bank of India to provide dedicated funding support for MSME exporters and issue clearer guidelines to banks to ensure effective credit flow.
The demand was raised during an industry interaction on the investment climate in the apparel sector, where stakeholders highlighted challenges including labour shortages, regulatory pressures and limited access to finance due to Basel III norms and low credit scores.
TEA Joint Secretary, Kumar Duraisamy said Tirupur is targeting exports of Rs 1 lakh crore by 2030, but stressed the need for improved credit availability to sustain growth, reported The Times Of India.
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