Home / Knowledge / News / Apparel/Garments / Tirupur knitwear exports cross Rs 10,050 cr in H1 FY'15
Tirupur knitwear exports cross Rs 10,050 cr in H1 FY'15
Nov '14
Knitwear exports from the south Indian textile hub of Tirupur registered revenue of Rs. 10,050 crores in the first six months of the ongoing fiscal year 2014-15, growing at 16 percent compared to exports of Rs. 8,650 crores during the corresponding period of last fiscal, according to the Tirupur Exporters’ Association (TEA).
In dollar terms, knitwear exports increased at 13.35 percent year-on-year during April-September 2014, TEA president A Sakthivel said in a statement.
Mr. Sakthivel said Tirupur knitwear exports grew at the same pace as all India garment exports during the six-month period, and appreciated efforts made by Tirupur exporters in achieving high export growth rate.
The apparel industry is eagerly awaiting the announcement of the new Foreign Trade Policy 2014-19, and is also expecting announcement on continuance of 3% Interest Subvention on Packing Credit with retrospective effect from 1st April 2014, Mr. Sakthivel said. 
TEA president feels that Tirupur knitwear exports would be able to achieve the same export growth rate in the second half of the ongoing fiscal year as abundant cotton crop along with dip in cotton exports favours reduction in yarn prices in the coming days.
However, the Tamil Nadu Electricity Regulatory Commission (TNERC) proposal to increase the power tariff to HT and LT consumers by 30% will have an impact on exports.
In fiscal year 2014-15, TEA expects Tirupur knitwear exports to touch Rs. 21,000 crores.
Meanwhile, TEA has the Indian Government to take necessary steps immediately so that exporters can avail General Preferential Tariff (GPT) benefits in their exports to Canada after 1st January 2015.
TEA also urged the Government to make efforts for a Free Trade Agreement (FTA) with Canada in order to recapture the Canadian market and also increase India’s exports to Canada.
Established in 1990, TEA is an association exclusively for exporters of cotton knitwear with production facilities in Tirupur. (RKS)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search