Tiruppur garment exporters are watching to gauge the impact of the Ukraine-Russia war on their business. Every month, Tiruppur exports garments worth Rs 1,200 crore to the European Union. It exports account for 40 per cent of the Tiruppur’s total exports to the EU. Several brands in the EU supply to Ukraine and Russia.
The war has led to container shortage in Tiruppur, slowing down container movement again. This is likely to increase freight costs in the city says Raja M Shanmugham, President, Tiruppur Exporters Association. The sanctions imposed on Russia may affect several countries indirectly. Suppliers’ failure to sell in Russia and Ukraine may affect their buying, he adds. This may have a deep impact on the global economy, he adds.
Tiruppur Exporters’ Association was set up in 1990 under the leadership of A Sakthivel and strived for the development of exports. The association has always been quick in taking up issues and standing in the forefront to get them addressed. A Sakthivel was the president of association till September 27, 2016 from the inception of the association.
