RMG Exports are Rising in Tamil Nadu, Revenue Set to Grow 10%
by Asia Garment Hub Team
created
2024-10-07T14:51:53+07:00
CRISIL Ratings predicts that the revenue of readymade garment (RMG) exporters in Tamil Nadu, India, will increase by 8-10% to $5.11 billion (₹43,000 crore) in the current fiscal year, driven by healthy order inflows and rising demand. This growth is higher than the national level, where a 3-5% increase is expected. The state's larger export share of 65-70%, compared to the national average of 20-25%, supports this stronger performance.
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