Knitwear garment exports from Tirupur touched Rs. 10,050 crores in the first six months of this fiscal, registering a 16 per cent increase over Rs. 8,650 crores in the corresponding period in 2013-14.
“In dollar terms, the growth is 13.35 per cent and is likely to touch Rs. 21,000 crores during the course of the year,” Mr. A. Shaktivel, President of the Tirupur Exporters’ Association, said. “Export growth rate is also in the same league of all-India garment exports growth rate,” he said while appreciating the “unstinted efforts” of the Tirupur exporters in achieving the export figure.
The expected continuance of the existing schemes in the new foreign trade policy, as also the three per cent interest subvention scheme on packing credit with retrospective effect from April 1 will contribute to sustained growth, he added.