Tirrupur Exporters Association expects the garment cluster’s exports to reach around Rs 24,000 crore in the current fiscal. As per the association, India’s total garment exports declined by 4.08 per cent to Rs 109,844 crore in FY 2019-20 compared to Rs 112,828 crore in the previous fiscal. The association’s knitwear exports fell to Rs 53,199 crore during the year against Rs 54,692 crore in 2018-19.
At the association’s annual general meeting, Raja M Shanmugham, President, said export of textiles and textile products from Tamil Nadu grew to Rs 50,192 crore in fiscal in 2019-20 out of total manufactured product exports of Rs 2,12,863 crore whereas, the total knitted garments exports from the state was worth Rs 27,780 crore.
Knitwear exports from the state decreased to Rs 27,280 crore in 2019-20 against Rs 27,650 crore recorded in 2018-19. Delhi, Haryana and Karnataka held the second, third and fourth position in knitwear exports, with figures of Rs 5,284 crore, Rs 4,227 crore and Rs ,823 crore respectively.