Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
Segment-wise, textiles exports increased by 15 per cent to ₹10,879 crore in July 2018 over ₹9,429 crore in the same month of the previous year. Apparel exports grew 6 per cent to ₹8,757 crore from ₹8,263 crore in July 2017, the data showed.
“With continuous support from the Government with a slew of measures on all fronts there has been increase in exports of textiles and apparel from India,” said CITI chairman Sanjay K Jain. He added that overall growth in exports during Apr-July 2018 has been 3 per cent vis-à-vis same period last year.
Further, the MMF segment, which is expected to be the growth driver of the industry in the coming years has seen increase in production. While the imports of textile and clothing have increased from $1.78 billion in April-June 2017 to $1.87 billion in the same period this year, an increase of 5 per cent, which is significantly lower than the growth of 16 per cent last year.
“The measures taken by the Government to increase the import duty on various textile and apparel items will help in further reducing the imports in coming months,” said Jain in a CITI press release.
He also highlighted that as per RBI Financial Stability Report-June 2018, the stressed advance ratio of textile subsector has also improved from 23.7 per cent in September 2017 to 22.3 per cent in March 2018, indicating signs of recovery.
“The continuous support from the Government is expected to put the industry back on track and we anticipate the textile and apparel exports to grow by 7 per cent while imports to stay flat in fiscal 2018-19,” said Jain. (RKS)
Fibre2Fashion News Desk – India
| On 13th Jul 2020
The Holding Company for Cotton, Spinning, Weaving and Clothes in...
| On 13th Jul 2020
Primark has rejected the UK government's call to employing back...
TFG, one of the foremost independent chain-store groups in South...
Janak Dhamanwala & Sunil Dhamanwala
Moving towards sustainability is also a social change
Personalised and differentiated footwear is in high demand
Domestic manufacturers would get an edge over imported products
Founded in 1981, Lisama, a Portuguese company, is a pioneer in the textile ...
Electronics for Imaging (EFI) is a global technology company, based in...
Founded in 1892, Thies has concentrated on the fabrication of high-quality ...
Focusing on bold patterns and colour palettes, Luis Quijano, a student at...
INDA, a global association of the nonwoven fabrics industry, has been...
The Association of the Nonwoven Fabrics Industry (INDA) has created a new...
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
Aditi Somani specialises in luxury fusion wear with international cuts and ...
Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.