Home / Knowledge / News / Textiles / Indian synthetic textile exports feel the blues
Indian synthetic textile exports feel the blues
Feb '11
Indian synthetic textile sector is contemporary and has good growth potential to emerge as a major outsourcing hub. But, presently the synthetic textile industry is not in a healthy condition.

During 2008-09 Indian synthetic textile exports amounted to Rs 15,767 crores, which increased to Rs 16,861 crores in 2009-10. But of late, exports of the same fell by 1% to reach Rs 3, 852 crores during April-June 2010-11 from Rs 3,898 crores in the corresponding period of the previous year.

The situation worsened with a 20% drop to touch Rs 3,464 crores during the second quarter of 2010-11 as against the Rs 4,910 crores in the corresponding periods of the preceding year.

Polyester yarn prices have increased by 40%. Prices of polyester staple fibre are also witnessing an increasing trend during the recent past. Increasing prices of polyester staple yarn and inconsistent supply of raw materials are the major factors affecting the growth of the industry.

Appreciating rupee value and a radical reduction in the duty draw back rates from 10.5% to 8.5% have also played their part in worsening the situation. Export target of USD 3.7 billion fixed by the Government during 2010-11 is likely to stay unachieved. Future plans to achieve an export target of USD 7 billion by 2014 may also be affected to a greater extent.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Textiles | On 21st Oct 2016

ITMA Asia + CITME 2016 opens with record exhibitors

The fifth ITMA ASIA + CITME 2016 exhibition opened today in Shanghai, ...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search