Tirupur has clocked Rs 25,000 crore worth exports during 2016-17 and the share will go up once the industry starts exporting synthetic based garments, a knitwear body said.
The determining input factors were more or less favourable and helped to clock 10 per cent growth compared to last fiscal year, India Knit Wear Fair Association Chairman, A Shaktivel said in a release here today.
He said knitwear exports from Tirupur constituted more than 45 per cent of all India knitwear exports, which may go up once starting export of synthetic based garments.
Diversification from cotton-based knitwear products to apparels made of man-made fibers was the need of the hour for the Knitwear Garment Exporters to ensure themselves round-the-year business, he added.
Heavy dependency on cotton-based knitwear products, as at the moment would restrict the export opportunities of businessmen to a very small segment of the market, Shaktivel noted.
The 44th Edition of India International Knitwear Fair, beginning from May 10 will draw more buyers and buying agents from all over the world, he said.
Chief Commissioner of Income Tax, Coimbatore, T P Krishnakumar will inaugurate the three day fair, the organisers said.
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