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HomeNews & ViewsBusiness FocusThe governments' six-month moratorium can lead to an increase of Indian supply to international...

The governments’ six-month moratorium can lead to an increase of Indian supply to international brands: TEA

mortariumThe President of the Tirupur Exporters Association (TEA), Raja Shanmugam, believes that international brands can increase Indian supply. Therefore Shanmugam urges the Government to extend the six-month moratorium, as support is needed for the reconstruction of its business after COVID-19. P Nataraj, CEO of KPR Mills, expects to have much higher supplies from India than last year. SP Apparels has asked Carter to produce new fabrics because she wants to move from China to India significantly.

AEPC is also negotiating a joint venture with Taiwanese and Korean entities to develop the fabric of man-made fiber. Exports of garments from Tirupur have fallen from Rs 26,000 crore to Rs 25,000 crore for the year ended March 2020, as Covid’s pandemic wiped away most exports in March. The objective was to export Rs 28,000 crore clothing. At Rs 25,000 crore, domestic sales for the fiscal were flat. The city employs six lakhs, half of whom come from other countries.

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