Home / Knowledge / News / Apparel/Garments / Indian apparel sector to achieve export target in FY'12
Indian apparel sector to achieve export target in FY'12
14
Oct '11
India's apparel sector is on course to achieving its export target of US$ 14 billion during the current fiscal, in spite of economic slump being witnessed in several European countries and the US facing debt crisis, raising fears of yet another global economic recession.

Addressing the Textile, Apparels and Garment (TAG) Conference in Mumbai, S Balaraju, Joint Textile Commissioner, Ministry of Textiles, said Indian apparel industry is doing well in spite of global economic slowdown and will meet its export target of US$ 14 billion set for fiscal 2011-12.

Mr. Balaraju informed that the Ministry of Textiles has drafted the National Fibre Policy. He added that the common compliance code has also been drafted, and it aims to make India a global benchmark for social compliance in garment production and exports.

Federation of Indian Chambers of Commerce and Industry (FICCI) Apparel Committee Chairman, Premal Udani said the country's apparel sector is expected to achieve its export target, even though the sector will be affected by the global economic downturn.

Apparel exports constitute 48 percent of the total textile exports from India. Government data reveals an 8 percent decline in the country's apparel exports in September.

The TAG 2011 Conference, organized by FICCI, focused on innovation and sustainability in the textile and apparel industry. Current innovations throughout textile and apparel value chain and the growing demand and challenges of sustainability in the Indian textile and apparel industry were discussed at the Conference.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search