Tirupur garment exports likely to double in 3 years

Tirupur , presently export garment worth Rs.18,000 crore if the forging of newer markets continued it likely to double its garment exports to Rs 36,000 crore in three years time. According to A Shaktivel, Chairman, Knitwear Technology Mission as there is a good demand for man-made and synthetic yarn product, he has urged the industry in Tirupur to get benefit of Knitwear Technology Mission (KTM).

Apparel Export Promotion Council has taken the initiative to set up KTM at Tirupur, inaugurated by Union Textile Secretary, Zohra Chatterjee on May 6, with the aim of producing wide range of products with polyester and synthetic yarns.

Shaktivel, also president of Tirupur Exporters’ Association, also appealed to the Textiles Ministry to support the exporters to achieve their goal and fulfill the expectations on various policies and subsidies.

The Autumn/Winter edition of India Knit Fair that was organized by AEPC (Apparel Export Promotion Council) and TEA (Tirupur Exporters Association) in association with IKFA (India Knit Fair Association) a total of 56 leading exporters from Tirupur, Chennai, Kolkata, Mumbai, Delhi, Gujarat and Bhopal had put up stalls, showcasing a wide range of apparels for the 2015 season.

It was expected that the fair would generate a business of Rs.300 crore as buyers from China, England, Russia, Hong Kong, Netherlands, Greece, France, Australia, Malaysia and Portugal appreciated the wide range and exclusive designs displayed at the Fair.