Home / Knowledge / News / Textiles / Indian textiles & garment exports to grow 20% - Minister
Indian textiles & garment exports to grow 20% - Minister
06
Sep '11
Indian textiles and garment exports are likely to touch US$ 32.35 billion in the current fiscal, Anand Sharma, Minister of Textiles has said in Parliament.

In a written reply to the Lok Sabha, the Minister said the country exported textiles and garments worth US$ 26.8 billion last fiscal, and the figure is expected to increase at 20.7 percent year-on-year to US$ 32.35 billion in 2011-12.

By the end of the Eleventh Five-Year Plan (2007-12), the Minister expects the size of India's domestic textiles sector to grow to US$ 65 billion.

The Minister noted that the percentage of textiles and garments in India's total exports decreased to 10.63 percent in fiscal 2010-11 from 11.46 percent in the fiscal 2008-09.

As per the latest statistics released by the World Trade Organisation (WTO), India's textiles and garments exports accounted for 3.91 percent of global exports in 2009, compared to 3.36 percent in 2007, the Minister informed the House.

He said 9 million new spindles have been set up during the 11th Plan Period till now, and the total spindlage in the country has risen to 48 million spindles at the end of fiscal 2010-11.

He revealed that the country's cotton yarn as well as fabric production has increased during the last three years. The production of cotton yarn grew to 3,510 million kg in 2010-11, up from 2,948 million kg in 2007-08. Similarly, fabric output increased to 61,057 million sq m in 2010-11, up from 55,257 million sq m in 2007-08.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Shawn Honeycutt
Bolger & O'Hearn

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

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Apurva Kothari

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

Eamonn Tighe
Nature Works LLC

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

Kerem Durdag
Biovation II LLC

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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