Knitwear exporters based in Tirupur, India, are set to increase their prices by 10 per cent as they look to offset the increases in cost of raw material and other expenses. The Tirupur region, often regarded as the knitwear hub of India, accounted for around 45 per cent of the country’s total knitwear exports in 2017-18, with trade totaling around rs. 240 bn. However, this was down from the rs. 260 bn registered last year with manufacturers having to cope with increased competition from countries such as Cambodia and Vietnam as well as higher cotton prices which have seen a rise of 10-12 per cent. Dye suppliers have also increased prices by around 15 per cent in recent months.
