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US tariff hike plunges Tiruppur knitwear hub into crisis; pleas for govt help grow
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US tariff hike plunges Tiruppur knitwear hub into crisis; pleas for govt help grow
Tiruppur: Tiruppur, the bustling knitwear capital of India, is reeling under the impact of a sudden 50% tariff imposed by the United States on imported Indian goods, a move that has triggered a severe financial crisis and threatens exports worth thousands of crores. With order books thinning and warehouses filling with unsold stock, manufacturers in this industrial hub are struggling to meet salary obligations and are urgently appealing to the C…
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