Home / Knowledge / News / Import/Exports / India's apparel exports decline 10.25% in February 2018
India's apparel exports decline 10.25% in February 2018
17
Mar '18
India
Apparel exports from India were to the tune of $1.44 billion (approx.) in February 2018, showing a decline of 10.25 per cent compared to $1.60 billion (approx.) exports made in the corresponding month of the last year, as per the latest official trade data. In rupee terms too, the value of exports declined by 13.86 per cent to Rs 9275.08 crore.

“Already apparel production is on a declining curve with industry registering decline of 10.4 per cent for the period April-January 2017-18. On the other hand, for the period July 2017-February 2018, apparel exports from Bangladesh has registered an 8.68 per cent improvement over last year. Given the kind of uncertainty which has been prevailing due to US challenging India’s export subsidy programme at WTO, we are seriously worried about the future of the industry,” said HKL Magu, chairman, Apparel Export Promotion Council (AEPC).

India’s garment exports are witnessing a continuous decline since October 2017.

AEPC is also worried about the fact that the US has filed a complaint at the WTO about India’s export subsidy programmes like Merchandise Exports from India Scheme, Export Oriented Units Scheme, Export Promotion Capital Goods Scheme etc.

Talking about the complaint, Magu said, “The fact that the US has filed a complaint at the WTO about India’s export subsidy programmes has turned the heat further on India. The withdrawal of export subsidies is only going to benefit countries like Bangladesh which is already showing consistent growth in their RMG exports. It is a drastic situation and we would like to request the government to intervene immediately to redress the situation and also allow the release of the refunds as until refunds start flowing, things will not improve both on the production as well as export front.”

In April-February 2017-18, India’s clothing exports have registered $15.22 billion (approx.), showing a decrease of 2.19 per cent compared to $15.55 billion (approx.) registered in the same period of previous financial year.

Meanwhile, readymade garment exports from Bangladesh during July 2017-February 2018 increased by 8.68 per cent to $20.25 billion, according to the data released by the Export Promotion Bureau of Bangladesh. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Top executives
Textile industry

GST has levelled the playing field to an extent

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> 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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search