Raja M Shanmugham, President welcomed the RBI decision for extension of Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit, with same scope and coverage, for three more months up to June 30, 2021. While welcoming the retrospective effect given from 1st April 2021 onwards, Raja M Shanmugham was hopeful that the Government would take into account the various adverse factors, including the business impact of Corona in foreign markets and extend at least for one more year. This measure will help Tiruppur knitwear exporting units.
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