Business Standard

Supply disruptions may cost Tirupur's garment industry Rs 1,200 cr a month

The last few days had seen prices of cotton rising in India with reports of a Russian invasion

garments, clothes, textile, fabric

Shine Jacob Chennai
After being hit by the pandemic, container shortage and raw material price hike, India’s largest garment hub Tirupur is keeping its fingers crossed after the Ukraine crisis. This is because any supply disruption or demand dip in the European Union (EU) and the UK may wipe out business of more than Rs 1,200 crore per month.

The region contributes to around 40 per cent of Tirupur’s monthly revenue of Rs 3,000 crore. Other major regions where Tirupur garments are sold include the United States. The US contributes around Rs 1,000 crore or 35 per cent of its monthly foreign exchange earnings.

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First Published: Feb 26 2022 | 6:10 AM IST

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