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

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

C Kamatchisundaram
Voltas

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

Angelina Francesca Cheang
MY ANJE

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

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Marcel Alberts
Eurofibers

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

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search