Tirupur’s textile industry sees resurgence as US & UK orders surge amid Bangladesh instability
K M Subramanian, president of Tirupur Exporters Association (TEA) said new apparel buyers from the UK are seeking samples in anticipation that a much-awaited Free Trade Agreement (FTA) will be signed soon between India and the UK. Last week, the Union commerce ministry said talks on the FTA will resume early next year.
“The units are getting orders from the US for the upcoming Spring season. A few months ago, the units were operating at 60-65% capacity. But that has changed now,” said Subramanian.
He said some US-based companies who were earlier sourcing from Bangladesh are now tapping Indian suppliers.
“In FY24, Tirupur had clocked a revenue of Rs 35,000 crore which is likely to increase to Rs 40,000 crore in FY25,” he added.
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