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First two months of fiscal post robust textile export growth
24
Sep '10
It is only in the initial two months (July-August) of current fiscal that, the country's textile exports have registered a robust growth of 23 percent, mainly on account of higher rates prevailing in the global markets.

Federal Statistics Bureau (FBS) data reveals that, for the period under consideration, the country exported textiles worth US $1.975 billion, which is 23.34 percent or $370 million, above the exports registered during corresponding period, in the previous fiscal year.

Though there are only few textile items which have posted some quantitative growth, but then, data reveals, exports certainly are growing volume wise. Textile exports for the month of August were recorded at $989 million which is 24 percent above $799 million posted during August 2009, a rise of $190 million.

There has been a slight fall in the exports of four out of the main 12 textile items, while rest of them have depicted robust growth, for the period under consideration. The items which depicted a fall include cotton, cotton yarn, cotton carded or combed and tents, while those on the rise included knitwear, towels, readymade garments, bedwear, art and silk.

Fibre2fashion News Desk - India


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