Home / Knowledge / News / Textiles / India may miss 2011-12 textile & garment export target
India may miss 2011-12 textile & garment export target
07
Apr '12
It seems that the Indian textile and garment exports may miss the target of US$ 33 billion set for fiscal year 2011-12, mainly owing to slackening of demand from the European market.

After exporting textiles and apparels worth US$ 26.8 billion in 2010-11, India had set an ambitious target of exporting US$ 33 billion worth of goods during the last fiscal which ended on March 31, 2012.

The high target of US$ 33 billion was set as it seemed that demand had returned after the global economic crisis of 2008. But, the volume of exports got affected due to eurozone debt crisis.

India is likely to fall short of the target by US$ 1-2 billion, according to provisional estimates of Confederation of Indian Textile Industry (CITI).

Mr. DK Nair, Secretary General of CITI, told fibre2fashion, “The global economic slowdown is the major reason for our exports of textiles products not growing as much as we had expected. Especially, the European crisis had a very significant adverse effect, as about one-third of our total exports are destined to West Europe.”

Informing about the market share enjoyed by Indian textile and apparel items in world trade, he says, “We have a share of slightly above 4 percent in textiles and slightly below 4 percent in garments in global trade. Both combined, we have a share of more than 4 percent.”

Naming the major export destinations for India's textiles and apparels, he says, “For Indian apparels, the major destinations are West Europe and North America. For textiles (especially yarn), in addition to these two, Bangladesh, Korea, Indonesia and China are also our major markets.”

Estimating India's likely textile and apparel exports in fiscal year 2012-13, he opines, “I am not sure whether the Government has finalized the textile and apparel export target. But, according to my estimate, exports of textiles and clothing during 2012-13 may reach around US$ 28 billion.”

Fibre2fashion News Desk - India


Must ReadView All

IOC, MPCI to set up ₹1000 cr PSF unit in Odisha

Textiles | On 23rd May 2018

IOC, MPCI to set up ₹1000 cr PSF unit in Odisha

Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...

Courtesy: Marks and Spencer

Apparel/Garments | On 23rd May 2018

M&S to close 14 Clothing & Home stores by 2019

Marks & Spencer (M&S), a leading British multi-national retailer,...

Garment products dominate across textile businesses: FESPA

Textiles | On 23rd May 2018

Garment products dominate across textile businesses: FESPA

Garment products dominate across all textile businesses, with sports...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Robert Brunner
Devereux

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

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