Owners Of India Textile Printing And Dyeing Mills Seek To Reduce Loan Interest.

India's Rupp knitwear cluster textile printing and dyeing factory owners have appealed to the central government to reduce all their outstanding loans. Interest Because they encounter many functional problems, they are very nervous.

TR Srikanth, President of the Rupp knitted export printing and dyeing Association, said that due to the closure of printing and dyeing factories, serious power failures and transportation cost As a result, the overall business of the Rupp cluster suddenly plummeted, which significantly affected the textile industry. printing and dyeing The financial situation of enterprises, so we ask for reduction of interest on loans.

According to Mr Srikanth, the economic feasibility of textile printing and dyeing enterprises is very important. Considering that almost 70% of export garments need printing and dyeing, only a few of them are not dyed and dyed.

He said that 10 years ago, only 30% of the printing and dyeing garments were made and 70% were non printing and dyeing garments.

He added that the unpaid loan in the textile and dyeing industry is currently 1 billion rupees.

The owners also hope that the federal government will extend the TUFS to the next five year plan (2012-2017 years).

This plan provides support for industrial modernization, including interest subsidies and financial subsidies, which are very helpful to the textile industry's sub sectors, such as screen printing and dyeing, which require continuous updating of equipment to achieve global standards.