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

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sunil Rathore
Lacoste India

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

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Rajat Jaipuria

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

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

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

Marten Alkhagen
Swerea IVF AB

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

Igor Chapurin
Chapurin

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

Judy Frater
Somaiya Kala Vidya

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

Robert Brunner
Devereux

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

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


May 2018

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

news category


Related Categories:

Advanced Search