Garment exporters in Tiruppur have their fingers crossed what with the Red Sea attacks on cargo vessels, by Yemen-based Houthi militia, plunging them into crisis.
“On December 21, we found several warehouses at CFS were inundated with nearly five feet of water. Inside, we saw that two to three feet of water had damaged a large number of goods"
Significant volume of garments made in Tiruppur and ready for shipment at Thoothukudi were affected by the recent rain, according to the Tiruppur Exporters Association (TEA).
Against the target of investments worth ₹6,551 crore in the MSME (Micro, Small and Medium Enterprises) sector set for Tiruppur in the run-up to the Global Investors’ Meet (GIM) 2024 at Chennai during January, the district is poised to attract investments to the extent of ₹6,603 crore.
“On December 21, we found several warehouses at CFS were inundated with nearly five feet of water. Inside, we saw that two to three feet of water had damaged a large number of goods"