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

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

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

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mohammad Hassan
Biax Fiberfilm

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

Marcel Alberts
Eurofibers

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

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

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