Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / India's textile exports set to shoot up, says CITI
India's textile exports set to shoot up, says CITI
23
Sep '14
Mr. Prem Malik
Mr. Prem Malik
The Confederation of Indian Textile Industry (CITI) has predicted that there would be an increase in the demand of Indian textiles in the domestic and global markets.

In a statement, CITI chairman Prem Malik said there was a decline in China’s imports that had led to lower demand for Indian cotton yarn. However, with the Chinese market picking up, the monthly registration of export contracts for cotton yarn has already crossed 124 million kilos, he said.

Mr. Malik stated that the ensuing festival season is expected to accelerate the demand for all textile products and this would help the industry achieve substantial growth in the domestic market.

He said the demand for Indian textiles has also increased in the US and in the European Union. Since these countries consume major portion of finished textiles, the economic recovery will induce higher imports into these markets.

As a result, demand for raw materials and intermediate products like cotton yarn and fabrics in the countries that have been supplying finished products to the US and European Union would also improve in the coming months, he added.

Mr. Malik said that all these developments indicate a positive emerging situation for the Indian spinning industry, in particular, and the textiles sector as a whole. (GK)

Fibre2fashion News Desk - India


Must ReadView All

Trump signs revised free trade agreement with S Korea

Textiles | On 25th Sep 2018

Trump signs revised free trade agreement with S Korea

President Donald Trump signed a revised free trade agreement with...

L-R: Jonathan Akeroyd, Donatella Versace, John D Idol. Courtesy: Rahi Rezvani

Fashion | On 25th Sep 2018

Michael Kors to acquire Versace; to be renamed Capri

Michael Kors Holdings Limited, a global fashion luxury group, has...

'India can take up lack of capacity in US, China markets'

Textiles | On 25th Sep 2018

'India can take up lack of capacity in US, China markets'

India can now take up the lack of capacity in the US and Chinese...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search