Annual garment exports from Tiruppur, Coimbatore touches ₹45,000 crore
TEA president K.M. Subramanian told The Hindu on Thursday that direct garment exports from Tiruppur were almost ₹40,000 crore and that from Coimbatore district were worth ₹5,000 crore. This was 20% higher than the previous year. 'This year, we expect 15 % growth and the exports will be close to ₹46,000 crores,' he said.
Apart from this, there are garments exported indirectly (merchant exports). Though there is no definite data available, it is estimated to be almost ₹5,000 crore.
The garment exporting units are currently operating at 90% capacity and there is an urgent need for capacity addition. The government should come out with a scheme to support investments, especially towards modernisation. 'In the last five years, there is a lot of technology advancements. The industry should modernise. There is a shortage of labour in Tiruppur and hence the units need to automate. They need support to boost investments,' Mr. Subramanian added.
Industry sources added that while the supply chain for the garment exporters was doing well, the Micro, Small and Medium-scale Enterprises (MSMEs) supply for the domestic garment units had taken a hit. Knitted fabric, especially of man-made fibres, that was imported was available at ₹180 to ₹200 a kg, which was almost half the price of fabric produced in Tiruppur. Hence, the unorganised sector was consuming huge quantities of imported fabric, affecting the local knitting units.
The sources added that currently Tiruppur and Coimbatore districts accounted for 68% of the country's knitted garment exports. With the free trade agreement with the UK and agreements on the anvil with the US and the European Union, garment exports from these two districts were expected to get a boost.
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