Exports of knitwear products from Tirupur is likely to cross Rs 30,000 crore during this financial year from Rs 26,300 crore registered in 2018-19, a leading exporter and chairman of India International Knit Fair, A Shaktivel has said.
Besides, India now has an advantage after the US imposed tariffs on some products made in China, as many buyers and manufacturers were approaching India for textile products, he said.
Moreover, India has the strength in raw materials, like cotton and an made fibre, including polyester, he pointed out.
He said if the long-pending demand of exporters for a Free Trade Agreement with the European Union was met, exports to countries in Europe can be doubled in another three years and added that similar agreements with Canada and Australia would boost exports.
The fair would offer a wide variety of knitwear apparel products and cotton, blended garments, Shaktivel said.