KNITWEAR exports from Tirupur cluster have registered growth during the just-concluded 2010-11 fiscal despite the textile hub being beset by a plethora of problems including raw material price hike and closure of dyeing units by a court order for violating pollution control norms. The statistics disclosed by Tirupur Exporters Association (TEA) president Arumugam Sakthivel states that exports from Tirupur knitwear cluster had leapfrogged from Rs. 11,800 crore in 2009-10 to Rs. 12,500 crore in 201041 financial year. However, Mr. Sakthivel was quick to point out that though the exports had shown an increase in terms of value, the profit margins for the exporters shrunk in 2010-11 fiscal due to the abnormal rise in the prices of cotton as well as cotton yarn and the transportation costs.
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