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India's cotton textile export grows by 26% in Apr-Sept

15
Nov '18
India’s textile-clothing exports fell by 3 per cent and that of readymade garments dropped by 16 per cent from April to September, according to the Cotton Textiles Export Promotion Council (TEXPROCIL). Exports of cotton textiles--raw cotton, yarn, fabrics and made-ups—grew by 26.8 per cent touching $6,235 million compared to $ 4,917 million in the same period last year.

Speaking recently at the TEXPROCIL Export Awards 2017-2018 function in Mumbai, chairman Ujwal Lahoti said the ongoing US-China trade war would possibly open up new opportunities for cotton textile exports from India, according to a press release from the organisation.

TEXPROCIL presented 56 awards in 32 categories this year.

The Indian government is also in the process of putting in place alternate schemes, expected to be compatible with World Trade Organisation regulations, to promote exports that would improve the competitiveness of products, Lahoti added. (DS)

Fibre2Fashion News Desk – India


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