Accelerating electric mobility, enhancing competitiveness of textiles industry, improving credit access for small and medium enterprises, and pushing water conservation measures will dominate Niti Aayog’s to-do list in the new year as it seeks to further the government’s reforms agenda for sustained economic growth.
Notwithstanding loss of work for nearly two months and partial cancellation of orders when Covid-19 struck the key markets of US and EU, the multi-crore knitwear industry in Tiruppur is on the course to recovery by clocking over Rs 14,000 crore in exports in the first eight months of this fiscal.
Chennai: A combination of factors — US ban on Chinese cotton, a sudden surge in orders for garments, additional stocking up, increased exports to Tirupur’s competitors including Vietnam and Bangladesh — have resulted in yarn shortage for garments exporters.
Coimbatore: Handlooms and textiles minister O S Manian met readymade garment makers and exporters in Tirupur on Wednesday and invited them to invest in the new Veda Textile Park, promising immediate fulfilment of all basic requirements.
CHENNAI: It’s a perfect Christmas gift that garment exporters from the knitwear capital Tirupur were looking for, as exports for the October-December quarter may be among the best quarters ever, with a 15% increase in exports.
Textile units in Tirupur have asked spinning mills to supply cotton immediately, alleging that the latter stopped supplies without any reasons.