COIMBATORE, May 9: Exports of knitwear products
from Tirupur is likely to cross Rs 30,000 crore during this
fiscal from Rs 26,300 crore registered in 2018-19, a leading
exporter and chairman of India International Knit Fair, A
Shaktivel has said.
Exports during April 2019 have crossed Rs 4,400 crore
which is a very encouraging sign, Shaktivel told reporters in
Tirupur Wednesday night.
Besides, India now has an advantage after the US
imposed tariffs on some products made in China, as many buyers
and manufacturers were approaching India for textile products,
he said.
Moreover, India has the strength in raw materials,
like cotton and an made fibre, including polyester, he pointed
out.
He said if the long-pending demand of exporters for a
Free Trade Agreement with the European Union was met, exports
to countries in Europe can be doubled in another three years
and added that similar agreements with Canada and Australia
would boost exports.
Shaktivel said the three-day 46th International Knit
Fair will begin in Tirupur on May 15 for which 42 buyers and
90 international buyers have confirmed their participation.
The fair would offer a wide variety of knitwear
apparel products and cotton, blended garments, Shaktivel said.
(PTI)
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