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Corporate Update

Tiruppur Seeks RBI Push To Unlock Apparel Investment And Hit ₹1 Lakh Crore Export Goal

• By  Textile Excellence
• April 21, 2026

Tiruppur’s knitwear industry has urged the Reserve Bank of India to improve credit flow to exporters and MSMEs, citing a major opportunity from the global China Plus One sourcing shift. During an interaction on April 18, industry leaders said Tiruppur currently generates ₹45,000 crore in exports and contributes 68% of India’s knitted garment shipments.

The cluster supports nearly 10 lakh jobs, including 60% women workers, while around 2,500 exporters rely on 20,000 production units across spinning, knitting, dyeing and garmenting. Industry representatives said easier finance is vital as firms face manpower shortages, tighter Basel III lending norms, compliance costs and weak credit ratings.

Tiruppur also highlighted its sustainability strength, recycling 13 crore litres of water daily through Zero Liquid Discharge systems, though high CETP operating costs remain a burden.

RBI officials noted that private investment growth has slowed since 2008 due to higher financial costs, regulatory uncertainty and geopolitical risks. Tiruppur aims to double exports to ₹1 lakh crore by 2030, supported by PM MITRA Park and capacity expansion.

RBI officials noted that private investment growth has slowed since 2008 due to higher financial costs, regulatory uncertainty and geopolitical risks. Tiruppur aims to double exports to ₹1 lakh crore by 2030, supported by PM MITRA Park and capacity expansion.