TIRUPUR: Domestic trade in Tirupur’s knitwear sector ahead of Diwali was pegged at around Rs 8,500 crore, but manufacturers said order volumes did not rise compared to last year, with the increase largely driven by higher input costs and pricing.
In Tirupur’s Khaderpet area, known for wholesale and retail apparel outlets, Diwali-season business was down by around 30% compared to last year, traders said. Khaderpet wholesale market, home to over 800 outlets. Traders say only 300 bundles a day are going out, against 500 in past festival seasons.
They said slower-than-expected wholesale demand affected overall trade and that retail sales also declined, attributing part of the fall to online commerce impacting store footfalls. They added that yarn prices have not risen recently as the Centre relaxed import duty on cotton and sought an extension of the duty relaxation for one more year, citing the need to leverage duty-free trade pacts and improve exports. You Can Also Check: Gold Rate in Coimbatore | Silver Rate in Coimbatore | Bank Holidays in Coimbatore | Public Holidays in Coimbatore | Coimbatore AQI | Weather in Coimbatore | Petrol Price in Coimbatore | Diesel Price in Coimbatore | CNG Price in Coimbatore | LPG Price in Coimbatore