"Now with sudden surge in exports, we are hopeful of meeting the target of Rs. 25,000 crore comfortably by March 31," a leading daily quoted the Tiruppur Exporters' Association president Raja Shanmugam as saying.
"If not for the market slowdown, which happened subsequent to UK's decision to exit European Union and few other factors, the cluster could have reached an annual turnover of Rs. 28,000 crore," he added.
According to the daily, India exported both woven and knitted garments totalling to Rs 104,443 crore in the 11 months to February 28, 2017, a growth of 3.5 per cent in rupee terms and 0.58 per cent in dollar terms, as against the same period of earlier fiscal. (AR)
Fibre2Fashion News Desk – India
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