According to TEA President, Shri. Raja. M. Shanmugham, the exporters are now facing twin issues of shortage of containers and an increase in shipping cost which has almost doubled. He pointed out that the issue has emerged at a time when the knitwear exports from Tirupur has started picking up further to opening US and EU Markets. He applauded the announcement on continuance of RoSCTL rates for garments till 31st March 2024 and said that it is a boosting factor for the growth of the industry.

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