Friday , September 20 2024

The atmosphere of recession in America had a direct impact on the country’s apparel exporters.

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Mumbai: Due to dwindling orders from overseas, domestic apparel exporters have opted to shut down production activities for 12 to 15 days in a month, especially in Tiruppur and Noida. Sources in the Tiruppur Exporters Association said that the decision has come under the purview of saving in operational cost.

Despite the slowdown in business, garment exporters have so far refrained from laying off workers. Major markets such as the US and Europe are witnessing a decline in orders. Tiruppur is the largest textile export center in Asia.

More than fifty percent of India’s knitwear exports come from Tiruppur. There are about 30,000 clothing units in Tiruppur.

Due to weak orders, the units here are in a mood to work only for fifteen days in a month. Sources said that keeping the work closed for fifteen days will help in saving the operational cost. This situation can be seen till August of the current year and after that the situation is expected to improve from September. Global orders for Christmas usually start arriving in September.

In the ended financial year 2022-23, the figure of export of knitwear from Tirupur is estimated to be Rs 34350 crore. On the other hand, apparel exporters in Noida are also known to have one month’s worth of orders at present.

An official of the Noida Apparel Export Cluster said that the small and medium units of Noida are working at 35 to 40 per cent capacity. He also said that despite the slowdown in the textile industry, there have not been large-scale layoffs in the industry.