Tirupur, Sept. 24 -- The Tiruppur Exporters' Association (TEA) on Saturday urged the government to announce Emergency Credit Line Guarantee Scheme (ECLGS) specifically for Garment Sector MSMEs.

TEA in a press release to Nirmala Sitharaman, Union Minister of Finance has said that 20 per cent of existing credit should be provided to bailout the Tirupur knitwear garment exporting units from the ongoing liquidity crisis happening due to issues like fewer booking orders, delay in receiving the payment, non-acceptance of booked orders and deferment of shipment.

The association president, Raja M Shanmugham pointed out that at a time when Tirupur Knitwear Exporting MSMEs have been taking their maximum efforts and struggling to come out from the...