The Tiruppur Exporters’ Association estimated the hub has been hit by a loss of 12 billion rupees since the US tariff hike was announced. - ST
TIRUPPUR: Indian textile businessman R.K. Siva Subramaniam is used to what he calls cycles of tension. But he is at a loss about how to emerge from the crisis triggered by US President Donald Trump’s 50 per cent tariff on Indian goods.
The US is the largest export market for India’s US$179 billion (S$234 billion) textile and apparel industry, whose export earnings in 2024 totalled US$37 billion. But that market is shrinking fast.
