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Exports of textile cross $10 billion mark
21
Jul '10
With the support of increased growth of cotton yarn, textile exports managed to cross the $10 billion mark in the fiscal 2009-10. In the outgoing financial year, textile goods exports totaled to $10.244 billion, as against $9.572 billion in the previous year, thereby, recording a seven percent growth.

During June, textile products exports increase by 9.81 percent to $921 million as compared to $839 million recorded last year. For the year under consideration, cotton yarn exports increased to $1.417 billion, recording 27.13 percent growth, as against to $1.114 billion in the previous year.

Raw cotton exports rose by 124 percent to $195 million as compared to $87 million during the previous year and yarn exports other than cotton yarn was also up by 100 percent during the year.

Cotton cloth and cotton carded or combed exports fell by 7 percent and 24 percent, respectively during the aforesaid year. In the value-added-sector, the performance of varied textile products remained assorted, as exports of few products slumped and others witnessed a slight increase.

Knitwear exports recorded a mild rise of 1.16 percent to $1.761 billion as against $1.740 billion. Exports of bedwear dived little by 0.64 percent to $1.723 billion as compared to $1.735 billion during the previous year.

Exports of towel rose by 5.17 percent to $676 million as compared to $642 million, while readymade apparel increased by 4.33 percent to $1.283 billion as compared to $1.230 billion previous year.

Fibre2Fashion News Desk - India

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