Home / Knowledge / News / Textiles / 'Indian textile exports to cross $40bn in current fiscal'
'Indian textile exports to cross $40bn in current fiscal'
14
Dec '13
Indian textile industry is confident of achieving good growth and exports to cross US$ 40 billion in the current fiscal, said Confederation of Indian Textile Industry (CITI) chairman Prem Malik, during the eighth edition of the textiles machineries, accessories and spares exhibition ‘TexFair 2013’ in the city of Coimbatore, Tamil Nadu.
 
According to Mr. Malik, garment exports from the country are growing at around 16 percent year-on-year, whereas exports of other textile products from the country are increasing by 11 to 13 percent, reports The Economic Times quoting PTI.
 
At the event, Apparel Export Promotion Council (AEPC) chairman A Sakthivel said the volumes of apparel exports were growing in the country and per unit realization is also increasing. 
 
Apparel exports from India increased by 15.5 percent year-on-year to U$8.26 billion in the period of April to October and the surge was even higher in rupee terms, he added.
 
The TexFair 2013 event saw participation from around 210 exhibitors from various countries including China, Germany, Switzerland, the UK and the Czech Republic. Organized by the Southern India Mills Association (SIMA), TexFair 2013 brought together the manufacturers and suppliers of textile machinery, spares and accessories, under one roof.
 
In August 2013, the Indian Textiles Ministry set an ambitious target for textile and garment exports of US$ 43 billion in the current fiscal year of 2013-14, as against its target of US$ 34 billion in 2012-13. In the last fiscal year, India’s overall textile exports stood at US$ 31.71 billion, of which the apparel exports contributed US$ 12.923 billion.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

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

Lynda Kelly
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

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

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
March 2017

March 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