“As of now, we are only supplying within India but once we get the technology and the export market opens up, there is a vast potential to scale up,” exporters association general secretary TR Vijaya Kumar told ET. He estimates this to be a ₹10,000-15,000 crore revenue opportunity this year alone.
Meanwhile, the magnitude of the coronavirus outbreak in the US and Europe and its impact on the economies have left the exporters here worried, as those are their biggest markets. “We are yet to receive payment for many of our previous shipments,” Kumar said. The garment cluster manufactures textiles worth Rs 60,000 crore a year for exports and domestic markets. The knitwear industry here has provided jobs to about 8 lakh people, half of whom are migrants.
