Indian knitwear hub expects 20% growth in 2016 | Apparel Resources
Home » Markets & Products » Manufacturing Market » Indian Knitwear Hub Expects 20 Growth 2016


Indian knitwear hub expects 20% growth in 2016

Share: 
      Newsletter

Apparel Online India December, 16-31, 2015

READ MORE ON Garment ManufacturingIndian Apparel IndustryIndian Textile IndustryKnitwear

Tirupur, India takes centre stage again…

The signs have been there for about a year now but it is finally confirmed that exporters in Tirupur are out of the muddy waters that adversely affect business in the region for almost four years. Helped by factors including favourable cotton yarn prices, knitwear exports from Tirupur increased to Rs. 20,730 crore (US $ 3.18 billion) in FY 2014-15 from Rs. 18,000 crore (US $ 2.76 billion) in FY 2013-14, a growth of 15.52 per cent in rupee terms and 15.94 per cent in terms of foreign currency; another Rs. 7,000 crore (US $ 1.07 billion) came from revenue generated in the domestic market. By 2016-17, a knitwear export is expected to reach the target of Rs. 36,000 crore…

SUBSCRIBE TO READ IN FULL

Source: Apparel Online India December, 16-31, 2015
Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

Indian denim industry foresees bright future

India has been at the forefront of denim fabric manufacturing since a long time with Arvind Mills being the flagbearer of denim in India. However, of late many new players...

Companies across India adding more products and exploring newer markets

Players from across the country especially having expertise in floor coverings are expanding further into other product ranges of home...

Asia-Pacific likely to be the fastest growing market for premium denim jeans

The global denim jeans market is valued at around US $ 58 billion and premium denim accounts for roughly 26 per cent of the overall jeans market with the highest...

Unionisation of apparel industry: A perspective

Whosoever is associated with the readymade garment industry in Bangladesh agrees that...

Value Addition & Sustainability – The way forward for Denim Sector

The second largest producer of denim products after China, Bangladesh’s emergence as the preferred destination for denims is beyond questions. According to latest available information, denim products contributed around US...

AO Investigation: Why Jaipur exporters are struggling to even reach Rs. 100 crore-mark?

Some years ago, one well-known Jaipur-based exporter having 3 factories, approached Tesco, H&M and few other such top brands/stores to work with his factories. The factories were even certified but after...

Bottoms – A scene in contrast!

Even as most of the medium-level bottoms manufacturers are struggling to keep afloat, others are constructing new and green facilities for bottoms/trousers/denims. So what is it – the motivation or...

Delhi-NCR, a growing value-added supply chain in knitwear

With increasing focus on comfort and fitness, there has been a rise in the demand for knitwear in the global market. Products like T-shirts, polos, sportswear, undergarments and leggings are...

Asmara in Vietnam: Business growing on the inherent strengths of the country

The recently concluded TPP agreement, with Vietnam as signatory, only adds to the other inherent strengths that the country has in apparel manufacturing from disciplined workforce to political stability. In...