Tirupur exporters in Tamil Nadu are optimistic about a bright future after the India-US trade pact, anticipating a boom in investments, jobs, and exports for the textile sector. This agreement marks a pivotal moment for the industry’s global competitiveness.
TEA’s Thiru Kumaran hailed the deal for its far-reaching advantages to Indian textiles, spotlighting Tirupur’s prime position to reap rewards. ‘It has solidified buyer confidence worldwide and unveiled new business prospects,’ he noted.
India’s textile exports stand at approximately $16 billion yearly, bolstered by Tirupur’s $5.2 billion contribution. The association projects these to double in three years, spurred by the US agreement and the expected EU FTA by late this year.
‘Both deals will propel remarkable growth across the sector, particularly in Tirupur, with doubled earnings on the horizon for next year,’ Kumaran remarked. The growth trajectory promises abundant job opportunities and investment inflows.
Leaders commended PM Modi’s leadership in trade facilitation, Ministers Goyal and Singh’s efforts, and Sitharaman’s development-focused budget that incentivizes textile investments and export growth.
As opportunities multiply, Tirupur’s textile ecosystem—from yarn to finished apparel—is set to thrive, contributing significantly to national economic goals and regional development.