After almost two years, Tirupur, India’s textile hub, is seeing a resurgence thanks to a wave of orders from the US and the UK, as well as political unrest in Bangladesh, a neighbour. With their facilities running at 95% capacity, the city’s 5,000 garment export businesses are humming with activity.

According to K M Subramanian, president of the Tirupur Exporters Association (TEA), who talked to ET, new UK importers of clothing are looking for samples in preparation of the impending signing of the much-anticipated Free Trade Agreement (FTA) between India and the UK. The Union Commerce Ministry announced last week that the FTA negotiations will start up again early in the new year.

For the forthcoming spring season, the US is placing orders for the units. The units were running at 60–65% capacity a few months ago. However, that has now altered,” Subramanian stated.

According to him, some US-based businesses are now using Indian vendors after previously purchasing from Bangladesh.

“Tirupur generated Rs 35,000 crore in revenue in FY24, and that figure is expected to rise to Rs 40,000 crore in FY25,” he continued.

According to the commerce ministry, India’s garment exports increased 35% in October to $1.22 billion from $908.78 million in the same month last year.

Published on: 26th November 2024 

Source: India info line