Tamil Nadu apparel exporters will enjoy an 8–10% increase in revenue
Tamil Nadu’s apparel exporters are poised for a significant revenue boost, with projections indicating an 8-10% increase in income during the current fiscal year. This positive outlook stems from a confluence of factors, including robust order flow and rising demand for Indian-made garments in key export markets.
The industry is witnessing a resurgence in demand from major markets like the United States and Europe, driven by factors such as economic recovery and a renewed interest in high-quality and ethically produced apparel. This surge in demand has translated into a healthy order book for Tamil Nadu’s exporters, providing a strong foundation for revenue growth.
Furthermore, the Indian government’s initiatives to support the textile sector, such as the Production-Linked Incentive (PLI) scheme, are expected to further enhance the competitiveness of Tamil Nadu’s apparel exporters. The PLI scheme provides financial incentives to manufacturers, encouraging them to invest in technology, expand production capacity, and enhance their global competitiveness.
The anticipated revenue growth is expected to have a significant positive impact on the state’s economy. It will not only boost employment opportunities within the sector but also stimulate growth in ancillary industries, such as logistics, transportation, and packaging.
However, it is crucial to note that challenges such as rising input costs, global economic uncertainties, and geopolitical risks could potentially impact the industry’s growth trajectory.
