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US tariff threatens Tiruppur's $1.8B knitting industry, straining exports and seeking government aid.
The knitting industry in Tiruppur, Tamil Nadu, which exports 68% of India's knitted garments, faces a crisis due to a 50% tariff imposed by the US.
Orders from US buyers are being put on hold or requested at discounted prices, affecting exports worth Rs 15,000 crore.
The industry is seeking financial support from the government and urging for a resolution in trade negotiations.
Tamil Nadu Chief Minister MK Stalin has criticized the central government for neglecting local exporters.
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Los aranceles estadounidenses amenazan la industria de tejido de Tiruppur de $ 1.8B, presionando las exportaciones y buscando ayuda gubernamental.