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Apparel export can absorb large chunk of the unemployed, AEPC
20 Nov '06
2 min read
2. Needs of the garment industry to grow faster
(i) The existing apparel export basket is predominantly in cotton garments, which is around 80-85 percent. The world apparel market is primarily in man-made garments and occupies almost 55 percent of the world clothing trade.
Thus India, though has lot of potential in increasing its share in world man-made fibre garments, yet has not been possible due to non-availability of non-cotton inputs at competitive rates.
(ii) The apparel export industry has achieved a performance of US$ 8212 million in 2005-06 as against US$ 6201 in the previous year.
The sharp rise in export was possible due to abolition of trade quotas in the global textile and clothing sector after over 4 decades of restrictions.
(iii) The coming year's too similar trend is expected to continue with growth coming from garment sector.
Click here to view rest of the news.
(i) The existing apparel export basket is predominantly in cotton garments, which is around 80-85 percent. The world apparel market is primarily in man-made garments and occupies almost 55 percent of the world clothing trade.
Thus India, though has lot of potential in increasing its share in world man-made fibre garments, yet has not been possible due to non-availability of non-cotton inputs at competitive rates.
(ii) The apparel export industry has achieved a performance of US$ 8212 million in 2005-06 as against US$ 6201 in the previous year.
The sharp rise in export was possible due to abolition of trade quotas in the global textile and clothing sector after over 4 decades of restrictions.
(iii) The coming year's too similar trend is expected to continue with growth coming from garment sector.
Click here to view rest of the news.
Apparel Export Promotion Council
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