Home / Knowledge / News / Textiles / Decline in textile exports major concern: FIEO
Decline in textile exports major concern: FIEO
16
Aug '16
The decline in exports of textiles, leather and engineering goods is major concern as these are high-employment intensive sectors of exports, SC Ralhan, president, Federation of Indian Export Organisations (FIEO), said while reacting to the trade data of July 2016.
 
In July 2016, India's exports were valued at $21.689 billion (Rs 145770.39 crore) which was 6.84 per cent lower in dollar terms (1.61 per cent lower in rupee terms) than the level of $23.281 billion (Rs 148149.92 crore) during July 2015, according to RBI figures.
 
The decline in export reflect the contraction in global trade and leading exporting countries like China also witnessed similar decline in the month of July, 2016, said Ralhan.
 
“Global trade uncertainties are increasing and Brexit has further compounded the same,” he added.
The Rs 6,000 crore package recently given to the textiles sector will take some time before its effect is visible in exports, said Ralhan.
 
“The new GST regulation will add to the competitiveness of exports through better rebating of taxes though many of the concerns of the export sector need to be addressed in the model GST law. The logistics cost is also likely to come down through a single market approach benefiting the export sector,” he said. (RKS)
 

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Kerem Durdag
Biovation II LLC

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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