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Textile exports give over 50 percent to country's net exports
25
Jun '10
The Federal Bureau of Statistics (FBS) reports reveal that, of the overall exports during the initial 11 months of this financial year, more than 50 percent came from the textile sector.

Textile exports, for the period of July 2009 to May 2010 came to $9.324 billion, thus contributing around 53 percent to the entire export volume of $17.6 billion.

As per FBS data, the other sectors that mainly source the country's exports include, manufacturing sector with $3.381 billion that is share of about 19.21 percent, food sector with 17 percent that is a share worth $2.992 billion, petroleum and coal with $890.629 million and 5.06 percent, whereas miscellaneous exports stood at 5.74 percent or $1.01 billion.

In spite of the economic adversities attributable to war on terror, and power crunch resulting from increased export of inputs like cotton and cotton yarn, the textile sector still succeeded to grow by 6.77 percent and the combined exports of both inputs bagged in foreign currency worth $1.486 billion to the nation's economy.

Considering the volume of textile export, the major contribution came from cotton cloth, which stood at $1.66 billion, followed by knitwear with $1.587 billion, bed wear with $1.573 billion, and readymade garments with $1.158 billion worth of contribution.

Fibre2Fashion News Desk - India

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