Garment Exports From Tamil Nadu's Tirupur Likely To Grow By 15 Per Cent In Oct-Dec Quarter Due To Strong Demand
Workers at a garments factory. (Getty Images)
Garment exporters from Tiripur in Tamil Nadu are staring at a 15 per cent growth for the October-December quarter and are expecting international sales for the current fiscal to surpass the previous financial yearâs total of Rs 25,000 crore.
Pent-up demand after a period of decreased spending by the consumers coupled with anti-China sentiment amongst the buyers has resulted in a strong revival of demand, reports
Times of India.
Moreover, a favourable INR/Euro ratio has also aided the traders considering that the European Union is one of the largest importers of garments from Tirupur.