Home / Knowledge / News / Apparel/Garments / Apparel exports heading towards $11bn mark in FY 11
Apparel exports heading towards $11bn mark in FY 11
Feb '11
The apparel exports from the country for the first time during the April-December, 2010 period touched the one billion dollar mark in December last year. This has raised the confidence of the apparel producers of attaining the $11 billion mark in apparel exports for the current fiscal year, which would be six percent above the last fiscal's exports.

India's apparel exports mainly grew during four months of last year, whereas it registered a fall of 3.1 percent during the initial nine months of the current fiscal.

But the December results are reflective of that, the Indian apparel industry is on the path of recovery, and is all set to grow further. Also, as China is confronting many difficulties and is willing to quit the mid and low-cost apparel segments, the buyers are now once again considering India for importing their requirements.

India is amongst the handful of countries that possess potential throughout the entire textile value chain which is an advantage for the country, and if even five percent of the China's trade shifts to India, it would bring in immense opportunities to the country, as China, with exports of around $110 billion stands to be a major player in the global textile trade.

Also, the free trade agreement between India and Japan is likely to benefit the Indian apparel industry the most, as according to this agreement, India's garments would earn a duty free access in Japan, unlike now when the garment manufacturers are paying duties of around 11 percent.

India's apparel exports to Japan for the current fiscal are expected to touch $125 million, and this may easily grow by another $50 million in the next financial year. Thus, Japan has a potential to grow into the third largest importer of apparels from India.

Also, the Indian apparel industry domestically has grown considerably, registering growth in double digits.

However, in spite of the revival, the industry is still confronted with issues like that of high prices of cotton and yarn, lower productivity and heavy taxes. If these problems are resolved, the industry has a potential to further grow by 30 percent.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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