Home / Knowledge / News / Textiles / Textile sector bounces back on track paved by China
Textile sector bounces back on track paved by China
29
May '08
Textile industry of China has been severely hit by its internal pressures such as rising cost of production and appreciation of yuan. This has turned out to be a blessing for India whose exports have started looking up with depreciation of rupees and more orders from US.

Mr D K Nair, Secretary General of Confederation of Indian Textile Industry, told Fibre2fashion, “There has been a perceptible improvement in our exports in recent months. As per the latest figures available from Directorate General of Commercial Intelligence and Statistics (DGCI&S), our exports of textile and clothing products grew by 9.33 percent in dollar terms during April-December 2007 compared to the same period of the previous year.”

Additionally, Mr Nair also stated, “Our exports of textiles and clothing to USA, during January-March 2008 increased by 4.59 percent from those of the same period of last year, as per US figures. This is a reasonable increase when we view it in the back drop of a decline of USA's global imports of textile products during this period by 3.84 percent and imports from China by 5.39 percent. But here again, the position of yarn is not encouraging. As against an increase of 13.62 percent achieved by China during January-March this year in its yarn exports to USA, we registered a negative growth of 12.90 percent.”

Mr Nair is of the opinion that the hopes of a possible revival of Indian textiles and clothing exports are partly based on currency movements. After appreciating from a level of over Rs45 a dollar to around Rs38.50 a dollar within a year, rupee has now started weakening and has reached the level of Rs43 a dollar. Indications are that the currency is likely to remain weak during the rest of the current year.

Must ReadView All

Textiles | On 29th Mar 2017

'Increase in demand for organic designer linen'

There has been an increase in the demand for organic designer linen....

Apparel/Garments | On 29th Mar 2017

Jo-Ann launches 'Buy Online, Pick Up in Store' service

Jo-Ann Fabric and Craft Stores, a specialty retailer of crafts and...

Courtesy: Pratibha Syntex

Textiles | On 29th Mar 2017

Pratibha Syntex wins C&A's Best Global Supplier Award

Pratibha Syntex, a leading manufacturer and exporter of knitted...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Marten Alkhagen
Swerea IVF AB

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

Suresh Patel
Sidwin Fabric

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

Lynda Kelly
Suominen Corporation

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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