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

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kevin Nelson
TissueGen

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

Tony Ward
Tony Ward

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

October 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
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

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
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

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
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

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
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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