THE TIRUPPUR KNITWEAR industry may soon be on its knees. The textile hub, which exports apparel worth ₹26,000 crore every year, could witness a major setback with the Covid-19 outbreak forcing cancellation of orders, complete lockdowns and reduced import of raw material from China. Buyers from countries such as Italy, Germany, Spain, the UK and the US have already frozen or cancelled orders.
“We thought the market this year would end in March, [with exports worth] ₹25,000 crore,” A. Sakthivel, former president of the Tiruppur Exporters Association (TEA), told THE WEEK. “But, till now, we have made only ₹23,250 crore. There is a decline in exports and the loss will be ₹1,750 crore.”
Europe buys around 46 per cent of the exports from Tiruppur. Countries such as France, Italy, Germany, Poland, Spain and Denmark import most of their garments from here. The US and the UK together account for about 30 per cent of the exports. While T-shirts make up around 35 per cent of the exports, the rest is a mixed bag comprising pyjamas, dresses, kid’s wear and innerwear.
Denne historien er fra April 12, 2020-utgaven av THE WEEK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 12, 2020-utgaven av THE WEEK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI
