Tirupur knitwear industry, which exported goods worth Rs 40,000 crore in 2024-25 financial years (FY25), expects around 25% growth in the next fiscal as buyers di-versify purchases from Bangladesh and China amid political turmoil and ongoing US tariff war.
According to the exporters’ body, buyers are increasingly placing orders with domestic companies. Dr. A Sakthivel, Vice Chairman of Apparel Export Promotion Council (AEPC) told that domestic companies are witnessing more orders from the US and UK, two key ex-port destinations for Tirupur, as they expect favourable terms from India’s bilateral trade pacts with these two countries. Currently India is in talks with the US on a tra-de deal with the US with the deal expected to finalise later this year.
“India’s presence in the complete supply chain from raw material to finished goods, quicker execution of orders, and recent improve ments in quality has increased the confidence of Indian suppliers. That too is contributing to the increase of orders,” he said, adding it is expected to maintain a similar trajectory despite global un-certainties.
The Tirupur cluster recorded 20% growth in FY25 with Rs 40,000 cr and shipped nearly 45% materials to Europe and 30% to the US. India’s readymade garment (RMG) sector registered a 10% growth in ex-ports during FY25 with total goods worth $16 billion. Out of this 49% were knit sector exports, significant increase from the previous year.
Tirupur knitwear industry, which exported goods worth Rs 40,000 crore in 2024-25 financial years (FY25), expects around 25% growth in the next fiscal as buyers di-versify purchases from Bangladesh and China amid political turmoil and ongoing US tariff war.
