Home / Knowledge / News / Textiles / Textile exports to reach $11bn during fiscal 2006-07

Textile exports to reach $11bn during fiscal 2006-07

Jul '07
The textile export target has been projected at more than $13 billion for the fiscal year 2007-08 up by 20 per cent from the current fiscal year target, says Textile Minister Mushtaq Ali Cheema. It has been estimated that the textile exports will reach $11 billion during the fiscal 2006-07.

Textile exports reached $9.816 billion during the 11 months of the current fiscal against $9.257 billion over the same period of last year, indicating a growth of 6 per cent. Talking to Dawn here on Saturday the minister said that the low growth in textile products was mainly because of the high cost of production.

The six per cent Research and Development (RD) subsidy will help the industry to finance the additional cost incurred on account of innovation of products and improving skills of the employees. I am sure that the growth in textile products will be around 20 per cent in 2007-08 as against the average growth of six per cent in the year 2006-07, the minister claimed.

The share of textile products in total exports reached 63.3 per cent in the 11 months of the current fiscal as against 61.9 per cent during the same period last year.

Official figures compiled by the Federal Bureau of Statistics (FBS) showed that the export of almost all products excluding raw cotton, cotton cloth, and bed wear recorded marginal growth during the first 11 months of the current fiscal over the last year.

Export of readymade garments witnessed a growth of 5.35 per cent to $1.254 billion during the July-May period of the current fiscal as against $1.190 billion over the same period last year. Statistics showed that export of knitwear also recorded a growth of 12.94 per cent during July-May 2006-07 to $1.773 billion as against $1.570 billion over the same period last year.

Must ReadView All

Pic: Shutterstock

Textiles | On 16th Sep 2021

Australia, Bangladesh sign Trade and Investment Framework Arrangement

In a recent virtual ceremony, Bangladesh and Australia signed the...

Pic: Ministry of Foreign Affairs, the People's Republic of China

Textiles | On 16th Sep 2021

China urges US to initiate steps to repair damaged bilateral ties

China recently urged the United States to initiate steps to repair...

Pic: Shutterstock

Apparel/Garments | On 16th Sep 2021

Bangladesh seeks 12-year duty-free access to EU after LDC graduation

Bangladesh commerce minister Tipu Munshi is hopeful that the European ...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

Samshek is a fashion forward tech brand which combines digital experience...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

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

Advanced Search