Coimbatore, Mar 23 (PTI) Export of knitwear from Tirupur, near here, clocked US $ 4 billion this financial year, Tirupur Exporters Association (TEA) has said.
Though the knitwear exports from Tirupur is poised to cross Rs .32,000 crore this financial year, the exporters have expressed apprehension of an adverse impact in the wake of invasion of Ukraine by Russia.
Gave a representation to FM Nirmala Sitharaman in Chennai.
Textile and clothing exports from the country between April and December 2021 were up 18 % in dollar terms and almost 25 % in rupee terms compared to the corresponding period in 2019, according to data available.
Majority of the garment exporting units are MSMEs and they are labor-intensive and vulnerable to several external factors. The government should step in to bring stability to raw material prices, said the President of Tirupur Exporters’ Association (TEA) Raja M. Shanmugham.
Exporters from Tirupur say that the deal can help them compete with China and Bangladesh.