December 22, 2024
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Tiruppur’s Apparel Exports Recover Notably With Surge In Export Orders

India’s textile hub, Tiruppur, is witnessing a remarkable recovery as apparel export units operate near full capacity, driven by a surge in orders from the United States and United Kingdom.

The region’s 5,000 export units are now running at 95% capacity, a sharp rise from 60-65% just months ago. This growth is fueled by evolving trade opportunities and shifting geopolitical dynamics in the region.

US-based buyers are increasingly favouring Indian suppliers, partly due to political instability in Bangladesh. Meanwhile, anticipation around a potential India-UK Free Trade Agreement (FTA) has further boosted optimism. British buyers are actively sourcing samples and exploring larger procurement options.

K M Subramanian, President of the Tiruppur Exporters Association, projects the sector’s revenue to grow from Rs 35,000 crore in FY24 to Rs 40,000 crore in FY25.

The Ministry of Commerce data reveals a 35% jump in apparel exports in October 2024, reaching US$ 1.22 billion compared to US$ 908.78 million in the same month last year.

As sourcing capacities in countries like Vietnam and Bangladesh approach saturation, global brands are increasingly looking to diversify supply chains. India, with its robust infrastructure and competitive edge, is emerging as a preferred alternative in the shifting global textile market.

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