The Morning BriefThe Morning Brief

Weaving Woes: Why are Tiruppur’s Textile Mills Shutting?

View descriptionShare

The Morning Brief

To make sense of the week’s hottest stories in business, economy, politics and markets, journalists from the Economic Times chat with reporters and in 
596 clip(s)
Loading playlist

The ripple effect of the Russia-Ukraine conflict has stretched far beyond its epicenter, reaching as far as Tiruppur, Tamil Nadu -- India’s knitwear capital. Tiruppur, often dubbed ‘Dollar Town,’ is renowned for contributing over 50% to India’s knitwear exports. However, the city now faces a crisis. Rising energy costs, inflation, reduced Western consumption, and local challenges like insufficient government support and high yarn prices have taken a toll. Factories are closing, jobs are vanishing, and the city's once-bustling industry is grinding to a halt. Is this solely a Tiruppur issue or a broader industry problem? Can India achieve its ambitious $100 billion textile export target by 2030? Why is India’s textile industry losing to competitors like Bangladesh? Tune in to The Morning Brief podcast with host Dia Rekhi, M P Muthurathinam, President of Tiruppur Exporters and Manufacturer Association, Raja M Shanmugham, President of Tiruppur Exporters Association, and Neelesh Hundekari,  Partner in Consumer & Retail Practice at Kearney. Tune in!

If you like this episode from Dia Rekhi, check out her other interesting episodes on Unpacking Wipro’s Woes: Can the IT Giant Bounce Back?, Chip Country: How Tata Group Is Powering India’s $1 trillion Electronic Dream, AI in Music: Whose Voice Is It Anyway?, Google vs Apps: The 3-Year Long Fight Just Heated Up!, Apple Takes The Bite Out of The DMA, and more!

 

Connect with our host Dia Rekhi on her social media: Twitter & Linkedin

Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.

Credits: Guardian News

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

  1. The Morning Brief

    596 clip(s)

The Morning Brief

To make sense of the week’s hottest stories in business, economy, politics and markets, journalists  
Social links
Follow podcast
Recent clips
Browse 596 clip(s)