Growth of Apparel Export Industry in Tirupur India

Abstract

In 1935, Tirupur made a humble beginning in the knitwear industry by starting the first manually operated hosiery factory. The study aimed at studying the growth of apparel exports from Tirupur, growth of apparel exports from Tirupur to European Union (EU) countries & USA. The study is based on the secondary data taken from relevant sources especially Tirupur Exporters’ Association (TEA), Reserve Bank of India, Economic Survey of India (various issues) and International Monetary Fund (IMF). The data were collected for a period of around 24 years starting from 1888-89 to 2011-12. The study found that exports to European Union and United States of America were also affected as the recession in these two economies and the political turmoil in the European Union countries played the spoil sport. The study has also found that the share of textiles in the total exports of India has come down drastically from 24.9 percent in 1989 to a meagre 9.2 percent in 2012 though enroute it peaked at 27 percent in 1994. The government shall take steps to revitalizing the ailing textile sector in Tirupur by the way of financial and policy support.