Tiruppur textile industry returns to growth, posts 13% rise in exports

Quick Summary:

Tiruppur has around 28,000 manufacturing units involved in various processes of the textile value chain, providing jobs to around 800,000 people.

This decline was due to multiple factors, including the war in Ukraine, financial crises in Europe and the United States, and global business activity not returning to normal.

In August alone, exports rose 22 per cent to Rs 3,114 crore, up from Rs 2,550 crore in August 2023.

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Article Details

Category: BusinessFinance

Markets: IndiaAustraliaBangladeshUkraineUnited States

Topics: Knitwear industry Global apparel majors Green Tiruppur Sustainable textile industry K M Subramanian ESG compliance Export growth Tiruppur textile exports

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 19:45:51 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23517503

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