Knitwear exports from Tirupur cross Rs 20,000 crore

COIMBATORE: Knitwear exports from textile hub Tirupur rose to Rs 20,730 crore in fiscal 2014-15, with a growth of 15.5 per cent from Rs 18,000 crore in the previous year.

Tirupur Exporters Association President A Shaktivel said that the exports were targetted to reach Rs 36,000 crore by 2016-17. The Association had earlier targetted Rs 21,000 crore for the fiscal ended last month.

Shaktivel said the target for 2016-17 is subject to the government addressing certain pending issues, FTA with European Union and Canada, and a provision for 3 per cent interest subvention for the knitwear garment sector.