 "Tiruppur, textile sector")
After posting a 34 per cent increase in exports during 2021-22, India’s largest garment hub Tiruppur is staring at a 30-40 per cent fall in export demand during the current financial year. This has been triggered by the economic slowdown in the US and war-effects in Europe.
While some units have shut down for short periods, the majority of them reduced total working days from seven to four-five days. They are also working on single shifts.
Tiruppur contributed to around 54.2 per cent of the country’s textile exports last financial year.
A decline is expected in exports, despite clocking Rs 15,800 crore during
