Tirupur

Increased capacity utilisation, softening cotton prices set to help sector: Analysts

Weave revival story as knitwear exports rise 11.6% in rupee terms

There is a shortage of demand for textile goods globally due to the Ukraine-Russia war

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

Tiruppur contributed around 54.2 per cent of the country's textile exports last fiscal

The last few days had seen prices of cotton rising in India with reports of a Russian invasion

According to Tirupur Exporters' Association, the industrial belt has seen a production loss of about Rs 10,000 crore during the last two months due to stoppage of manufacturing

Yarn price hike: According to industry sources, the production loss is estimated to be around Rs 165 crore due to the strike

The knitwear industry went also on a strike in 2010 when yarn prices shot up suddenly

They allege that the latter stopped supplies without reason, say that this could hugely impact export biz

Tirupur Exporters Association thanked the Centre for the ESIC decision to pay 50 per cent of the average wages of the employees for a maximum of 90 days of unemployment due to the pandemic

Exporters said the financial position of the knitwear garment units in Tirupur has not improved and they were not in a position to repay the loan and interest

District admin portal being updated, go-ahead only for for exporting units, buying offices, export offices and export-related job work units

Write to PM Modi, Finance Minister to express their woes; Tirupur has about 500,000 direct and indirect employees

UK retailer MotherCare files for bankruptcy--the latest international company to hurt Tirupur's fortunes.

Workers are paid above the norm set by the state government and given a five per cent increment every year

The first of a two-part series focuses on how the factories, spurred by buyers, have adopted the latest international social and safety standards

Notably, it's mostly north Indian workers who are on strike in Tirupur