KOCHI/TIRUPPUR, June 4 -- Twenty-four hours after the Union Government decided to tweak the definition of Micro, Small and Medium Enterprises (MSME) units in the country, the cotton knitwear exporting units in Tamil Nadu's Tirupur has come out with a demand for more liberalised loan from banks and financial institutions.
Raja M Shanmugham, president, Tiruppur Exporters' Association (TEA), the powerful body of the knitwear exporters based in Tiruppur, while congratulating the Centre for restructuring the MSME units, has demanded more liberal loan facilities for the units in the region. The TEA units earn Rs 200 billion per year on an average through exports and employs 6,00,000 workers.
"With the upward revision of MSME definition on June ...