Economy
Tirupur is the "knitwear capital" of India. It has spurred up the textile industry in India for the past three decades. Its economic boom boosts the morale of Indian industrialists. It contributes to a huge amount of foreign exchange in India. As of 2005,when Tirupur was a part of Coimbatore district, Coimbatore was the highest revenue earning district in Tamilnadu, but when tirupur grew more the city increased its status as a District, thus separating it from Coimbatore. The city being enriched as a knitwear capital of India, and exports Rs. 12,000crore. The numbers differ because the export numbers are 12,000 cr but another domestic segment which does not bring FOREX but huge business is another few thousand Cr in addition also international holdings by the Tirupur owned companies present.
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Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)