Tirupur’s apparel exports grew ten per cent in November 2022. This follows a fall in exports in August 2022, September 2022 and October 2022 of 14 per cent, 24 per cent and 34 per cent.

So the positive growth in November is quite encouraging and further growth is expected due to the Economic Cooperation and Trade Agreement entered into with Australia and the free trade agreement with the UK. Tirupur’s exports of knitwear and garments to the United Kingdom are growing by 20 per cent year on year.About 20 per cent of the knitwear hub’s annual exports of knitwear and garments go to the United Kingdom. And with the India-United Kingdom free trade agreement in the offing, exports from Tirupur could see a ten per cent growth.

Indian firms employ more than 1.1 lakh people in the UK. Britain is trying to continue its hold on Indian businesses post-Brexit by wooing them with technological partnerships in high-tech areas such as low-carbon automobile engines, graphene engineering and aerospace. Britain is interested in expanding its footprint in the financial sector in India and in projecting London as the first choice for Indian companies raising global finance, so a deal involving financial markets is important for Britain.