Tamil Nadu's Textile and Leather Sector Faces Crisis Amid US Tariff Hike

Tamil Nadu's export sectors face a severe crisis due to a 50% US tariff on Indian exports, leading to substantial losses in orders and revenue. Chief Minister M K Stalin urges PM Modi to address the issue quickly to prevent further economic and humanitarian challenges.

The escalating crisis in Tamil Nadu's export sectors, fueled by a punitive 50% US tariff on Indian exports, has prompted Chief Minister M K Stalin to call for urgent intervention from Prime Minister Narendra Modi. Stalin advocates for a swift resolution through bilateral agreements.

In the heart of India's knitwear industry, Tiruppur, exporters face a daunting Rs 15,000 crore in lost orders and enforced production cuts of up to 30%. The resulting revenue loss reaches Rs 60 crore daily, threatening small and medium enterprises' survival.

With international buyers shifting to tariff-advantageous regions like Vietnam and Bangladesh, the impact endangers not just businesses, but jobs and livelihoods across textile and leather sectors employing millions in Tamil Nadu. Stalin emphasizes the pressing need for quick policy action to prevent long-term damage.

(With inputs from agencies.)