Home / Knowledge / News / Apparel/Garments / Clothing exports plunge 17% in October
Clothing exports plunge 17% in October
15
Dec '09
India garment shipments to overseas markets dropped by 17 percent in October 2009 to US $603 million, when compared with figures, a year ago. This has been attributed to other countries like Vietnam and Bangladesh eating into market shares of Indian exporters.

According to the Chairman of the Apparel Exporters Promotion Council (AEPC), rising cost of raw cotton is increasing the cost of yarn and fabrics, the last being the main raw material for manufacturing of clothing.

He said that it was not possible for the garment manufacturers to absorb this huge cost increase, nor could they pass it on to the buyers, due to which, other countries like Vietnam and Bangladesh were reaping the benefits.

Exports share of clothing to India's biggest buyer; US fell by 6.46 percent to $2.27 billion during January to September 2009, when corresponded with $3.07 billion in the same period in 2008.

Mr Vaid said that while benefits in terms of duty draw back rates rose from 11 to 17 percent for the Chinese textile exporters in the same period, Indian manufacturers could avail duty draw back rates at just 8.8 percent, which proved to be a big disadvantage.


Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Angelina Francesca Cheang
MY ANJE

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

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

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

Lynda Kelly
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

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

Pranav Mishra
Huemn

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 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