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War, slowdown prompt Tiruppur exporters to explore alternate markets

Move follows 21% YoY dip in exports in October; some exporters believe things will improve in the coming months as yarn prices have declined and dollar rates are favourable

Topics
Tirupur | Indian exports | Russia Ukraine Conflict

Shine Jacob  |  Chennai 



Tiruppur exports feel slowdown, war heat; demand likely to dip by 40%

With demand coming down from the United States due to the economic slowdown, and in Europe due to the Ukraine war, exporters from India’s largest garment hub Tiruppur are looking to diversify their export baskets to countries like UAE, Australia and Japan. This is after the exports from Tiruppur dipped 21 per cent year on year in October.

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First Published: Wed, November 16 2022. 17:03 IST

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