India's apparel exports jump 2.4% in April-October '15

18 Dec '15

2 min read

Apparel exports from India increased by 2.4 per cent year-on-year during April-October 2015, according to the Apparel Export Promotion Council (AEPC).

India's apparel exports earned $9.793 billion during April-October 2015 compared to exports value of $9.562 billion during the corresponding period of 2014, AEPC chairman Virender Uppal said in his speech at the 36th annual general meeting of the council today in New Delhi.

During the first half of fiscal 2015, for which figures are available, India's exports to the UAE shot up by 43.8 per cent to $1.860 billion over exports of $1.294 billion in April-September 2014.

India's apparel exports to the US also registered a seven per cent growth in April-September 2015, and they increased to $1.864 billion compared to $1.742 billion in first half of last fiscal.

However, exports to the EU fell nine per cent to $3.024 billion in April-September 2015 over exports of $3.325 billion in corresponding period of last fiscal.

In financial year 2014-15 that ended on March 31, apparel exports from India fetched $16.846 billion in foreign currency, showing an increase of 12.3 per cent against exports of $15.001 billion in 2013-14. (RKS)

Fibre2Fashion News Desk – India

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