Home / Knowledge / News / Textiles / Indian textile & apparel exports fall 13% in Jan 2018
Indian textile & apparel exports fall 13% in Jan 2018
17
Feb '18
Indian textile & apparel exports fall 13% in Jan 2018
A decline of 13 per cent year-on-year has been observed in the exports of Indian textiles and apparel in January this year, as per an official data. The sharp fall in the exports of cotton textile by 16 per cent year-on-year, apparel by about 14 per cent year-on-year and man-made textiles by 7 per cent year-on-year contributed to the sub-optimum performance.

The share of textile and apparel exports has also declined from 14 to 12 per cent in January 2018 as compared to the corresponding period of January 2017, Confederation of Indian Textile Industry (CITI) said citing data from ministry of commerce and industry. The cumulative exports of textile and apparel were also down by 4 per cent as the exports stood at Rs 187,080 crore in April-January 2018 in comparison to Rs 194,047 crore in April-January 2017.

Expressing concern over the decline in exports, CITI chairman Sanjay Jain stated that one of the key factors for decline in exports is embedded duties which are more than 5 per cent and the same is not getting refunded at any stage. "CITI has been knocking at every door from the PMO to the textile ministry for the immediate restoration of export incentives for cotton yarn which is the most vulnerable sector at this juncture as cotton yarn exports have decline by more than 26 per cent from 2013-14 to 2016-17 despite adding over 3 million spindles and 62,000 rotors spinning capacity during this period," said Jain.

There was also a continuous rise in the imports of textile products post GST. The imports of textile yarn, fabric and made-ups has increased by 15 per cent from Rs 8,592 crore in April to January 2017 to Rs 9,914 crore in the same period this year.

Hoping that the government would take suitable actions in such a challenging situation, Jain stated that by including cotton yarn under MEIS and providing ROSL package for fabrics and cotton yarn, Indian can retain its competitiveness in the global market.

"The industry has been asking the government for increase in customs duty across the value chain (yarn and fabric). There is a greater need to impose safeguard measures such as rules of origin, yarn forward and fabric forward rules on the countries like Bangladesh and Sri Lanka that have FTAs with India to prevent cheaper fabrics produced from countries like China routed through these countries," said Jain. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

C Kamatchisundaram
Voltas

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

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

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 ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Yash P. Kotak
Bombay Hemp Company

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


June 2018

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

news category


Related Categories:

Advanced Search