The India-US trade agreement has ignited hopes among Tirupur’s textile fraternity for doubled exports, massive investments, and a jobs bonanza. As Tamil Nadu’s export powerhouse, the city is bracing for a transformative phase in its garment industry.
Welcoming the development, TEA Secretary General Thiru Kumaran said the pact will immensely benefit Indian textiles, with Tirupur emerging as a key winner. It fosters greater global faith in Indian manufacturing capabilities, creating avenues for exporters to scale up.
With India’s annual textile exports at $16 billion and Tirupur’s share at $5.2 billion, experts foresee a doubling of these volumes over three years. The forthcoming EU-India FTA is expected to amplify this momentum further.
Kumaran forecasted ‘explosive growth’ in the coming months, with earnings potentially doubling next year alone. This expansion is set to generate widespread employment, invigorating local economies.
Gratitude was expressed to PM Narendra Modi for streamlining the US deal and advancing EU talks, alongside Commerce Minister Piyush Goyal, Textiles Minister Giriraj Singh, and Finance Minister Nirmala Sitharaman for their budget measures promoting sector investments.
These policy wins, coupled with Tirupur’s competitive edge, position the cluster to capture larger global shares, driving sustainable growth and reinforcing India’s stature in international textiles.