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

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

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

Lynda Kelly
Suominen Corporation

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


June 2018

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

news category


Related Categories:

Advanced Search