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

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

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

Mohammad Hassan
Biax Fiberfilm

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

Sonam & Paras Modi
SVA

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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