Congress MP Shashi Tharoor said the Centre’s move to implement demonetisation and the poor implementation of GST led to the collapse of the textile industry in Tirupur.

He was pointing out to a report prepared by All India Professionals Congress, which showed job losses and closing down of units in the State textile hub.

Mr. Tharoor was speaking on ‘India in the 21st Century’, organised by The South India Chamber of Commerce and Industry.

“At a time when Vietnam and Bangladesh are growing their textile exports, we have a key hub that has collapsed,” Mr. Tharoor said, replying to a query. He pointed out that the ruling government had a lot to answer for, but continued to remain in denial mode.

Mr. Tharoor said it was important for young people to be engaged in politics and political debates. His party was against the privatisation of public sector banks, an issue which has been in focus post the Punjab National Bank scam