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
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

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search