With the crisis in Bangladesh intensifying, the textile sector, which contributes a lion’s share of its export, is likely to be a victim of the turmoil, with international buyers shifting their focus to alternative markets like India.
Global brands like Marks & Spencer, Next, Decathlon, Primark, GAP, Walmart, Pepco, and Tesco are planning to ramp up sourcing from India, industry executives told ET.
A group of entrepreneurs from the West African country of Burkina Faso approached the Tiruppur Exporters Association (TEA) on Wednesday to seek advice on converting cotton grown in their country into garments and adding value.
The Tiruppur Exporters Association (TEA) expressed disappointment that some of its expectations were not addressed by Finance Minister Nirmala Sitharaman, but hoped they would materialise it in the coming days.
With a contraction of 14 per cent in knitwear exports during 2023–24, India's textiles export hub Tiruppur is back in positive terrain in 2024–25, with the first three months seeing a rise in exports.
A team of 14 entrepreneurs from African countries on Wednesday held a discussion with functionaries of Tiruppur Exporters’ Association on making of garments and value-added products from cotton.