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Tiruppur Textile Boom: India-US Trade Pact to Double Exports, Create Jobs

The Tiruppur Exporters Association heralds the India-US trade agreement as a major catalyst for the textile sector, predicting it will double revenue within a year. The upcoming EU-India Free Trade Agreement is expected to provide a further significant boost to exports and growth. Industry leaders project that Tiruppur's exports, currently at $5.2 billion, could double in three years, generating substantial investment and employment. The association has credited government figures including Prime Minister Narendra Modi for facilitating the pivotal trade deals.

Key Points: India-US Trade Deal to Boost Tiruppur Textile Exports & Jobs

  • India-US trade pact boosts textile exports
  • Tiruppur exports set to double
  • New investments and jobs expected
  • EU-India FTA to provide additional boost
  • Growth-oriented budget encourages sector
2 min read

Tiruppur exporters expect surge in investments, jobs after India-US trade pact

Tiruppur exporters forecast doubled revenue and major job growth from India-US trade pact and upcoming EU FTA, citing PM Modi's role.

"We are confident of doubling our revenue in the next year. - Thiru Kumaran"

Tiruppur, Feb 4

The textile industry in Tamil Nadu's Tiruppur is poised for significant growth following the trade agreement between the India and the US, according to the Tiruppur Exporters Association.

Welcoming the India-US trade agreement, TEA General Secretary Thiru Kumaran said the pact would greatly benefit the Indian textile sector, with Tiruppur emerging as one of the key gainers.

He also added that the agreement has reinforced global confidence in Indian textile exports and opened up new opportunities for manufacturers and exporters.

He said that the proposed European Union-India Free Trade Agreement (FTA), expected to be implemented later this year, would provide an additional boost to the sector.

"With both agreements in place, the entire textile industry -- and Tiruppur in particular -- is expected to witness tremendous growth in the coming months. We are confident of doubling our revenue in the next year," Kumaran added.

At present, India's textile exports are valued at nearly $16 billion, while exports from Tiruppur alone stand at around $5.2 billion, say experts sharing the data.

The association expects both figures to double within the next three years, which is likely to generate substantial investment opportunities and create more employment across the sector.

Thiru Kumaran expressed gratitude to Prime Minister Narendra Modi, Union Minister of Commerce and Industry Piyush Goyal, and Union Minister of Textiles Giriraj Singh for "facilitating the India-US trade agreement and advancing the India-EU FTA".

He also expressed gratitude to Union Finance Minister Nirmala Sitharaman for what he called presenting a growth-oriented Union Budget.

Reacting on the Union Budget, he said that the incentives announced would encourage fresh investments in the textile sector and accelerate export-led growth.

He added that the growth in the textile sector would also be beneficial in terms of employment generation.

- IANS

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Reader Comments

S
Sarah B
As someone who follows global trade, this is a smart move. Strengthening ties with the US and EU opens huge markets. Hope the growth is sustainable and benefits the workers on the ground with better wages.
P
Priya S
My cousin works in a Tiruppur export unit. They've been hoping for such news for years. Doubling exports means more stability and opportunities for skilled workers. Fingers crossed it happens quickly!
V
Vikram M
Good step, but the government must ensure smaller units aren't left behind. Only the big exporters often reap the full benefits. Need policies that support MSMEs in the textile cluster too.
A
Ananya R
Make in India getting a real boost! This is how we become a global manufacturing hub. From phones to fabrics, our exports are shining. Hope the EU deal is finalized soon.
K
Karthik V
Investment is welcome, but what about the environmental impact? Tiruppur's water pollution from dyeing units is a known issue. Growth should not come at the cost of our rivers and farmland.

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