Home / Knowledge / News / Apparel/Garments / India is now globally second largest textile exporter
India is now globally second largest textile exporter
03
Jun '14
India has improved its ranking as per the recent data released by ‘UN Comtrade’ in global textiles as well as apparel exports. In global textiles exports, India now stands at second position beating its competitors like Italy, Germany and Bangladesh, with China still retaining its top position. 
 
Mr. Virender Uppal, Chairman AEPC, expressed his happiness over this impressive growth and stated that, “Despite having slow recovery in USA and EU, our biggest traditional markets as well as prevailing global slowdown coupled with sustained cost of inflationary inputs, we made the best possible efforts to reach here. 
 
"Government policy of diversification of market and product base has helped us and we ventured into the newer markets, which paid huge dividends. We also leveraged our raw material strengths and followed sustained better compliance practices which attracted the buyers and international brands across globe to source from India.
 
"India’s share in global textiles has increased by 17.5% in the year 2013 compared to the previous year. Currently India’s textiles exports to the world is 40.2 US $ billion. This growth is phenomenal as the global textiles growth rate is only 4.7% compared to India as it has registered the growth of 23% beating China and Bangladesh which has registered 11.4% and 15.4%, respectively.
 
"Total global textiles exports is to the tune of 772 US $ billion with India commanding 5.2% of the share. This growth in the increase in share of the textiles exports from India is largely attributed to the growth in the apparel and clothing sector as it accounts for the almost 43% of the share alone. The apparel exports ranking has also improved from 8th position in 2012 to 6th position in 2013. 
 
"India’s apparel exports, was to the tune of 15.7 billion US $ in 2013, as against 12.9 billion US $ in 2012. Among the top five global clothing suppliers except for the Vietnam; India’s apparel axports growth was highest registering 21.8% growth during the year 2013. Apparel exports from India accounts for 3.7% of share in the global readymade garment exports."
 
Mr. Virender Uppal, Chairman AEPC while lauding the efforts of the apparel exporters, conveyed his concerns also that while Industry is actually itching to do more, stressed that, “The availability of speciality fabric is a big bottleneck for which AEPC has been aggressively demanding 5% duty scrip for the imports of fabrics. It must be considered favourably by the new government to boost India’s apparel exports. Garment exporters may be permitted to import it with 5% duty scrip on the input, so as to increase exports and optimally use to the fullest extent our potential. 


Must ReadView All

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Kerem Durdag
Biovation II LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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