Home / Knowledge / News / Textiles / Appreciating Yuan will help Indian exports – Mr Jiwarajka, Alok
Appreciating Yuan will help Indian exports – Mr Jiwarajka, Alok
13
Apr '09
Mr Dilip Jiwarajka, MD, Alok Industries
Mr Dilip Jiwarajka, MD, Alok Industries
The appreciating Chinese Yuan will make the Indian textile and garment more competitive and help in increasing exports from the country said, Mr Dilip Jiwarajka, while speaking to reporters on a visit to the plant of Alok Industries in Gujarat.

He said, “The strengthening of the Chinese currency and depreciation of the India rupee against the US dollar will help boost exports from the sector, since Indian exporters will find it easy to compete against the Chinese industry”.

He added by saying that, “garment exporters who were previously sourcing fabrics from China are now turning towards India since it is lucrative to them due to the price competitiveness”. India rupee has depreciated by 20 percent while the Yuan has appreciated by 7-8 percent.

The total output of the textile & clothing industry in India is US $61 billion out of which $23 billion is exports and the rest domestic consumption. Out of exports from the sector, clothing shipments touched $10 billion, home textiles $2.3 billion and others products $10.7 billion.

Fibre2fashion News Desk - India

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

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Suresh Patel
Sidwin Fabric

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

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

Tony Ward
Tony Ward

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

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