Home / Knowledge / News / Textiles / Exports from textile sector surge
Exports from textile sector surge
23
Nov '09
After a long time, exports from the textile sector have recorded a positive growth in shipments from the industry in October on the back of a surge in exports of raw cotton and cotton yarn.

Overall exports from the textile sector witnessed a growth of 19.42 percent in October from a year ago, while textile goods were also able to register a growth of 11.33 percent in the same month over that in the previous month.

This surge in shipments in the month of October has also helped in narrowing the negative growth figures for the first four months of the current fiscal year beginning from July to just 4.72 percent, when corresponded with the same period of 2008.

The recovery has mainly led by a surge in exports of raw cotton and cotton yarn, which has also led to a flare up in prices of cotton yarn by 25-30 percent, leaving the value added product exporters of home textiles and apparels in the lurch.

Figures culled from the website of the Federal Bureau of Statistics reveal that, export of raw cotton rose phenomenally by almost 79 percent, whereas, export of cotton yarn also grew 14.06 percent in the first four months of the fiscal.

But experts from the sector have derided exports of raw cotton and yarn by saying that the surge in exports should not be viewed as a positive development as the country is exporting raw materials, which could fetch better price if exported in value-added form.

The export of yarn other than the cotton yarn also recorded 82 percent growth during July-October of current fiscal, but export of knitwear was down, almost eight percent during the months under review.

Exports of bedwear decreased nine percent, towel export declined 9.82 percent, tents, canvas & tarpulin fell 13.07 percent and shipments of cotton fabric was down 30.41 percent.

Fibre2fashion News Desk - India


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Evelyne Cholet
UCMTF

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

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Madhu Jain
Madhu Jain

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

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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