Home / Knowledge / News / Textiles / Strong rupee weakens Tirupur textile exporters

Strong rupee weakens Tirupur textile exporters

May '07
Rupee appreciation is adversely affecting the textile exporters all over the country. Infact, Tirupur, Tamil Nadu, known for its wide manufacturing industry, is witnessing sluggish scenario.

Tirupur Exporters' Association, President, A Sakhtivel, stated recently at a press meet, “It has become difficult to book fresh orders and offer prices that the buyer wants.”

Sources say that not only are the exporters having a hard time acquiring new orders, some are even cancelling the deals as they are facing huge losses.

“The Indian rupee has appreciated the maximum (around 8 percent) compared with other currencies like the Chinese yuan, the Indonesian rupia, the Bangladeshi taka and the Pakistani rupee during March 6 to April 26,” said PD Patodia, Chairman, Textile Committee, Federation of Indian Chambers of Commerce and Industry.

Experts say that Tirupur exported goods worth Rs11,000 crore, last year, but it may not be able to achieve the target growth of 20 percent this year. Small and medium garment enterprises are among the worst affected.

Industry analysts say that to survive it has become crucial for exporters to raise their prices. However, it is not a realistic option as they will then lose market to cheaper and competitor countries.

Must ReadView All

Pic: Marek Uliasz | Dreamstime.com

Textiles | On 29th Nov 2021

New variant heightens global economic uncertainty

Just as everyone thought that things are slowly moving back to...

Pic: Pawel Pszczola | Dreamstime.com

Textiles | On 29th Nov 2021

Chinese factories to get uninterrupted power supply in winter: NDRC

Factories in China are likely to get an uninterrupted power supply...

Pic: Andy Nowack | Dreamstime.com

Textiles | On 29th Nov 2021

US textile & apparel exports up 20.15% in Jan-Sept 2021

The exports of textile and apparel from United States increased by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Ahmet Gecikli,

Ahmet Gecikli

Ser Mekatronik, founded in 2008, is specialised for providing mechanical...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

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


Leave your Comments

November 2021

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

Advanced Search