The textile hub of Tirupur in Tamil Nadu and tea estates of southern India and Assam are witnessing a surge in overseas orders as the export demand has diverted to India from Sri Lanka owing to the economic and political crisis in the island nation. Garments and tea are the major exports from Sri Lanka.
Despite being hit by the Covid-19 pandemic, the knitwear hub of Tiruppur has clocked exports worth Rs 33,525 crore in the 2021-2022 fiscal accounting for 54.2 per cent of the country’s total exports in the sector, an all-time high.
In February, India signed the CEPA with the UAE
CITI, SIMA, Tirupur Exporters’ Association seek government intervention as lint cotton prices cross ₹90,000/candy.
There is no reliable data available regarding the stock with the kapas traders, ginners or cotton traders.
Coimbatore (TN), Apr 2 (PTI) Industries body Tirupur Exporters’ Association (TEA) on Saturday said the signing of India-Australia Economic Cooperation Trade Agreement will help reach the export target of USD 1 trillion by 2030.