Home / Knowledge / News / Textiles / Textile industry self-sufficient in raw material requirements
Textile industry self-sufficient in raw material requirements
Aug '08
India is one of the few countries across the globe to have a positive trade balance of revenues generated from exports in comparison to imports related to the textile industry.

The country earned revenues of US $16.69 billion from exports in 2006-07 and spent just $2.29 billion in imports of textile related products which is also an indicator of the levels of self sufficiency achieved by the sector for its raw material requirements.

The industry imported goods worth $1.98 billion in 2006-07 and saw a growth of 15.58 percent in 2007-08 in comparison to 2006-07. The major items of import were cotton yarn/fabrics, manmade filament/spun yarns with yarns and fabrics other than cotton and manmade accounting for the lion's share.

Imports of Yarns, fabrics and madeups' articles other than cotton and manmade amounted to $1050.03 million in 2007-08 compared to $901.06 million in 2006-07 to post a growth of 16.53 percent. The total weightage among all textile products imported in to the country accounted for 45.74 percent of all shipments.

The other category with the second highest imports was manmade filament/spun yarn. Import bill for this section grew from $555.43 million in 2006-07 to $639.58 million in 2007-08 to record a growth of 15.15 percent and also accounted for 27.86 percent of all imports from the sector.

The import bill of cotton yarn/fabrics reached $319.14 million in 2007-08, in comparison to $318.58 million in 2006-07, which resulted in a growth of a marginal 0.18 percent which goes to show the self sufficiency of the industry in cotton. Cotton textiles and apparels had achieved exports of 11.13 billion dollars in 2007-08 in comparison.

Ready made garments, either knits or woven totaled $112.86 million versus $73.79 million, Madeups' textile articles reached $102.82 million in comparison to $71.31, Woolen yarn and fabrics touched $47.21 million in contrast to $31.86 million in 2007-08 and 2006-07 respectively.

The biggest positive factor in favour of the importers in 2007-08 was the appreciation of the rupee against the dollar which in turn resulted in huge cost savings. The rupee stood at Rs40.26 in 2007-08 in contrast to Rs45.25 in 2006-07.

Click here to view statistical data

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mike Hoffman
Gildan Activewear SRL

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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