Govt to setup 75 textile hubs, aims to replicate Tiruppur success: Goyal

Tiruppur, June 27 (KNN) While addressing the exporters’ meeting in Tiruppur on Sunday, Union Minister of Textiles, Piyush Goyal said that the government wants to create 75 Textile hubs like Tiruppur to support textile product exports.

He was speaking at the meeting organised by the Federation of Indian Export Organisations (FIEO) and Apparel Export Promotion Council.

Goyal said that these hubs will not only support textile product exports, but will also generate huge opportunities for employment.

“In 1985, Tiruppur’s annual garment exports were worth Rs 15 crore. Registering a compounded annual growth rate of almost 23 per cent  since then, Tiruppur’s garment exports in 2021-2022 was Rs 30,000 crore,” he added.

Tiruppur’s garment industry provided direct employment to six lakh people and indirect employment to four lakh people. Almost 70% of these workers are women and people from the marginalised sections.

Almost four crore people were employed across the textile value chain in the country and the current size of the industry in the country is Rs 10 lakh crore.

A. Sakthivel, FIEO president, sought Mr. Goyal’s intervention for solution on the money stuck in exports made to Sri Lanka and implementation of Rupee payment system for exports to Russia.

Despite challenges faced due to the pandemic, geo-political situation and inflation among other things, India was one of the fastest growing economies in the world.

If India grew at 8 per cent every year on a compounded annual growth basis, the economy would double in about nine years and after 30 years, India would be a USD 30 trillion economy.

Goyal also highlighted the work done by South India Textile Research Association in developing a machine to make about 300 low cost sanitary napkins in a minute. The napkins would be sold at PM-JAY outlets across the country.  (KNN Bureau)