As India's air cargo volume is expected to quadruple over the next two decades-the largest projected growth of any worldwide market-a rebound of the country's apparel exporters could further ignite this push.
India’s textile/apparel export hub of Tirupur, near Chennai, in Tamil Nadu state, is bouncing back from the days of frequent production cuts and disruption caused by a dearth of orders.
The political unrest in Bangladesh could turn out to be a blessing for Tamil Nadu’s Tiruppur, India’s knitwear hub, which contributes to almost 55 per cent of the country’s exports in the sector.
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.
Ready-made garment (RMG) exporters plan to urge the central government for a Free Trade Agreement (FTA) with the USA, following the regime change there. A Sakthivel, in-charge of the Apparel Export Promotion Council (Southern Regional) and Chairperson of the Apparel Made-Ups and Home Furnishing Sector Skill Council (AMHSSC), said that the friendly relations between US President-elect Donald Trump and central government will aid in this.
India's textile hub of Tiruppur is experiencing a remarkable resurgence, with apparel export units operating at near-maximum capacity and receiving a surge of orders from the United States and United Kingdom.