Tiruppur: Exporters at the textile town in Tiruppur on Sunday indicated that the shipping of garments to the United States would double to Rs 30,000 crore over the next three years following the signing of the India deal with the US.
Tiruppur, located about 450 km west of Chennai, would also witness an increase of job creation to about 5 lakh during the period, Tiruppur Exporters’ Association president K M Subramanian told PTI.
India and the United States announced on Saturday that they have finalised the framework for the first phase of the bilateral trade agreement under which both sides will reduce import duties on a number of goods to boost the two-way trade
Commenting about the deal, Subramanian said, “We welcome it. This deal assumes significance as it will give a huge growth for Tiruppur over the next 5 years.”
Responding to a query, he said currently exports of garments from Tamil Nadu is valued at Rs 15,000 crore and following the deal, it would double to Rs 30,000 crore over the next three years.Subramanian, also the founder-chairman of Tiruppur-based clothing manufacturer K M Knitwear Pvt Ltd said, on account of the India-US deal, another 5 lakh jobs would be created
