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

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Marten Alkhagen
Swerea IVF AB

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

Silke Brand-Kirsch
Schlegel und Partner

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Aditi Somani
Aditi Somani

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

October 2017

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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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