In the heart of Tamil Nadu, Tirupur’s textile exporters are buzzing with excitement over the freshly inked India-US trade agreement. This pact is expected to unleash a wave of investments and employment opportunities, positioning the knitwear capital for unprecedented expansion.
Thiru Kumaran, Secretary General of the Tirupur Exporters Association (TEA), described the deal as a game-changer for Indian textiles. He emphasized that it restores and strengthens international buyer trust, unlocking fresh markets for Tirupur’s high-quality garments.
Currently, India’s textile exports hover at $16 billion, with Tirupur accounting for a robust $5.2 billion slice. Projections from the association suggest both numbers could double in the next three years, fueled by the US deal and the looming EU-India FTA.
‘The synergy of these agreements promises tremendous growth, especially for Tirupur. We’re confident of doubling revenues by next year,’ Kumaran asserted. This optimism extends to job creation, with new facilities likely to employ lakhs in manufacturing and allied sectors.
The central government’s proactive stance, including trade negotiations and a growth-oriented budget, has earned accolades. Efforts by PM Modi, Ministers Goyal and Singh, and Sitharaman’s budget incentives are credited with setting the stage for export-led development.
As global supply chains realign, Tirupur’s readiness with skilled labor and infrastructure could make it a top beneficiary, heralding a new era of prosperity for the region’s textile ecosystem.