India, Feb. 8 -- Textile exporters based in Tamil Nadu's Tiruppur have welcomed the India-US framework trade agreement, saying that it helped the textile manufacturing sector to compete with countries such as China and Bangladesh and also expressing hope that orders worth Rs.4,000 crore held back would be cleared after the lowering of tariffs that came with the agreement.

Textile exporters were facing tariffs of 50%, which came down to 18% on Saturday.

Tiruppur Exporters' Association president K M Subramanian said the joint statement by India and the United States was "significant" and they "we welcome it" as it provided prospects for huge growth.

"This (deal) will provide major growth for Tiruppur alone. Over the next 5 years, we expe...