US Tariff: Karur Exporters Facing Order Cancellations

COMPLAINING of local textile exporters facing order cancellations, cash flow issues and potential job losses from the increased US tariffs on Indian imports, members of the Karur Textile Manufacturer Exporters' Association (KTMEA) on Wednesday urged the Tamil Nadu and Union governments for urgent measures like financial relief, export incentives and subsidies to tide through the situation.

- EXPRESS NEWS SERVICE @Karur

In a representation to Prime Minister Narendra Modi, KTMEA president P Gopalakrishnan stated that a significant share of India's home textile exports originates from the Karur cluster, which has earned a reputation for quality and reliability over decades of trade relationships. He hence on behalf of the association sought an additional 25% enhancement in working capital limits without requiring additional collateral. He also demanded an ad-hoc loan facility up to 20% of the turnover for financial year 2024-25 as "e