Home / Knowledge / News / Textiles / Indian textile & apparel exports touch $7.79bn in Q1 FY'14
Indian textile & apparel exports touch $7.79bn in Q1 FY'14
06
Aug '13
India’s textile and apparel exports for the quarter of April to June in fiscal year 2013-14 totaled US$ 7.79 billion which is almost the same as the exports made during the first three months of last fiscal year.
 
The textile and apparel exports during the same period of last fiscal stood at US$ 7.76 billion.
 
Panabaaka Lakshmi, Minister of State for Textiles, stated the export figures in a written reply to the Lok Sabha, the Lower House of the Indian Parliament, reports The Economic Times quoting PTI.
 
The apparel exports for the first three months of the fiscal year 2013-14 totaled US$ 3.561 billion, showing an increase of 11 percent compared to the same period of the last fiscal year, according to the data from the Apparel Export Promotion Council (AEPC).
 
In 2012, India’s textiles and clothing exports were severely affected due to the instability prevailing in the major markets of the world, including the US and European Union, which account for 65 percent of the country’s total textile exports.
 
The textile and apparel exporters from India are exploring new markets in countries like Japan, Australia, Israel, Latin America, Africa, South East Asia and Middle East to reduce dependency on western markets.
 
To give the textile and apparel exports of the country a much needed impetus, the Government has taken various steps including providing a 3 percent interest subvention on textile exports and inclusion of new markets like New Zealand, Latvia, Lithuania and Bulgaria under the Focus Market Scheme and incremental export incentive scheme. 
 
In the fiscal year 2012-13, the textile exports of the country stood at US$ 31.71 billion, of which the apparel exports totaled US$ 12.923 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


June 2018

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

news category


Related Categories:

Advanced Search