Home / Knowledge / News / Apparel/Garments / Indian garment exports continue to decline in dollar terms
Indian garment exports continue to decline in dollar terms
05
Oct '12
Releasing the export data for the month of August 2012 for the apparel exports in India, Dr. A Sakthivel, Chairman AEPC, stated that, “Apparel exports were to the tune of USD 989 million in August 2012-13 with a decline of 7.2 per cent against the corresponding month of last financial year. 

In rupee terms, the exports have increased by 13.9 per cent in August 2012-13 over the same month of previous FY”. Export in dollar terms for first five months of the FY 2012-13 has declined by 12.16 per cent over the same period of previous FY and reached to USD 5260 million however, in rupee terms exports increased by 7.3 per cent compared to same period of last FY. In April-August 2012-13 in rupee terms apparel export of India was to the tune of Rs. 28761 crore compared to Rs. 26800 crore in April-August 2011-12, he added. 

In the FY 2011-12 exports in dollar terms increased by 17.9 per cent from previous FY and totaled USD 13699 million in April-March 2011-12. 
 
Dr. Sakthivel in a press statement made today informed that, “The global financial crisis emanating inter-alia from sub-prime mortgages and unregulated credit default swaps is behind us. However, the sovereign debt crisis in the euro-zone has followed immediately thereafter. The weak recovery in EU and USA has reduced the purchasing power of the people in these markets- leading to the shortfall in the overall demand. I will request Government to soon ink the India-EU FTA because EU is our biggest market and Textiles Sector overall will benefit much more.” 
 
“I welcome the government move to speed up the reform process. However, raising cost of fuel and inflation thereby is hurting the exports. To reduce the vulnerabilities to the external shocks Government needs to build fiscal space, reduce the short term debt exposure and creating the buffers that allows them to react in a resiliently manner, he added.” 
 
Further, Dr. Sakthivel expressed his concern and said, “The biggest worry is appreciation of rupee to the extent of 10% and also in high cost fund.”

Apparel Export Promotion Council


Must ReadView All

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X