After stagnating for three years, garment exports from Tirupur have started to grow at a fast clip. Garment exports, which have been Rs 12,500-13,000 crore a year for the last three years, are expected to grow by a robust 18% in the current financial year.
With the order book starting to improve since the beginning of 2013, exporters had said in April that shipments would increase by 10% for 2013-14.
Incidentally, readymade garment exports from the country have registered a 14% increase in dollar terms to $6 billion in April-August. The poor safety record of Bangladesh, a key competitor, is working to the advantage of garment exporters.
With the order book starting to improve since the beginning of 2013, exporters had said in April that shipments would increase by 10% for 2013-14.
Incidentally, readymade garment exports from the country have registered a 14% increase in dollar terms to $6 billion in April-August. The poor safety record of Bangladesh, a key competitor, is working to the advantage of garment exporters.
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