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Tirupur facing 25- 35% Negative growth

Written By Views maker on February 04, 2009 | 2/04/2009

Tirupur has about 6,250 factories, which provide direct employment to 3.5 lakh people (mainly rural women) and indirect employment to about 2 lakh. The units are mainly dependent on the export of hosiery and knitwear, with around 50-55% going to the EU countries, 30-35% to the US and the remaining to other countries. The industry is facing a 25-30% decline in growth this year.