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Related Keywords: Comprehensive Economic Partnership Agreement, export synthetic based garments, favourable cotton yarn prices, Free trade agreement, National textile policy, poised to reach the tartget, ready-made garment exports, Tamil Nadu Textile policy, Tirupur Exporters Association, Tirupur knitwear exports, with Canada and Australia

Tirupur knitwear exports is which currently having all-India market share of 44.29 percent with outbound shipments grown to Rs20,730 crore in 2014-15, is poised to reach the target of Rs36,000 crore by 2016-17 once the industry starts exporting synthetic-based garments, which have a market throughout the year globally, said President A Shaktivel of Tirupur Exporters Association at its 25th Annual General Meeting.

Related Keywords: export revenue, export turnover, FTA with Canada, growth of 16 percent, increase power tariff, Interest Subvention Scheme, new foreign trade policy, on packing credit, President A Sakthivel, TEA, this fiscal, Tirupur export growth rate, Tirupur Exporters Association, Tirupur knitwear exports

Tirupur knitwear exports in the first six month of the ongoing fiscal year 2014-14 has registered revenue of Rs. 10,050 crores, a growth of 16 percent as against Rs. 8,650 crores in the corresponding period of last year. In Dollar terms, the growth is 13.35 per cent year-on-year during April-September 2014, said Tirupur Exporters Association (TEA) president A Sakthivel.

Exporters from this tiny town, the hub for knitwear exports are hoping to close the fiscal with an export turnover of Rs 21,000 crore.