Interviews
Garment exports post a 27% rise in FY06
24 Apr '06
1 min read
India's garment exports have registered an increase of 27 percent with revenues worth $7 billion in 2005-06, compared to $5.5 billion achieved in 2004-05.
Quota system elimination in 2005 helped push exports to the US by 34 percent and European countries by 30 percent, said A Shaktivel, President, Tirupur Exporters' Association.
Tirupur knitwear export reached Rs 8,000 crore during review period (out of total Rs 13,000 crore all India exports) compared to Rs 6,000 crore in 2004-05, he said.
Increase of 27 percent was more than expected.
Saktivel said that a 30 percent increase has been targeted during this financial year.
Phasing out of quota has brought a marked shift in American market as there was a deflection of trade from China to India, he claimed.
Quota system elimination in 2005 helped push exports to the US by 34 percent and European countries by 30 percent, said A Shaktivel, President, Tirupur Exporters' Association.
Tirupur knitwear export reached Rs 8,000 crore during review period (out of total Rs 13,000 crore all India exports) compared to Rs 6,000 crore in 2004-05, he said.
Increase of 27 percent was more than expected.
Saktivel said that a 30 percent increase has been targeted during this financial year.
Phasing out of quota has brought a marked shift in American market as there was a deflection of trade from China to India, he claimed.
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
