Home / Knowledge / News / Apparel/Garments / Indian textile & garment makers eye 15-20% growth in FY'14
Indian textile & garment makers eye 15-20% growth in FY'14
17
Jul '13
The textile and garment makers of India are eyeing 15-20 percent growth in exports this year as the Textiles Minister K Sambasiva Rao has assured full support to the industry and the Indian Government is planning to implement some new measures to boost exports. 
 
Speaking to fibre2fashion, secretary of Confederation of Indian Textile Industry (CITI), Mr. DK Nair said, “All the segments of the textiles value chain are doing well at present both in the domestic and global markets.”
 
“This year, the country textile and garment industry may witness an increase of 15-20 percent in exports which could go up further if some of the measures already being contemplated by Union Government get implemented without any delay,” he mentions.
 
Mr. Manikam Ramaswami, chairman and managing director of Loyal Textile Mills Limited, also expects 15-20 percent growth in Indian textile and apparel exports in the current year, he says, “The textile and clothing manufacturers in the country should focus on improving internal efficiencies rather than asking for sops.”
 
“The garment manufacturers need to invest in automation, industrial engineering (IE) practices and providing proper training to workers,” he adds.
 
According to Dr A Sakthivel, chairman of Apparel Export Promotion Council (AEPC), Indian apparel exports touched US$ 1.240 billion in June 2013-14 with an increase of 12.13 per cent against the corresponding month of last financial year.
 
“The flow of expansion of orders in India is expected to fetch additional US$ 3 billion business in the country because world renowned chain stores and international brands have preferred expanding their sourcing of the merchandise from India. As a result, factory compliant manufacturing in India has surged with new and unprecedented export orders in the current season,” he said in a statement.
 
Last week, a meeting of the High Level Committee on Manufacturing (HLCM) led by Prime Minister Manmohan Singh decided to facilitate the rapid scaling of competitiveness of the garment sector in the country through a comprehensive package of measures.
 
In 2012-13, India’s garment exports dipped by around 5 percent year-on-year to US$ 12.9 billion, mainly owing to reduced demand in the US and the EU, which together account for more than 60 percent of India’s total garment exports.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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

Yes No

Active Poll

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

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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

Active Poll

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

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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