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Shipments of traditional items except textiles witness growth

22
Nov '08
Exports of traditional products have grown by nearly 44 percent according to data released by the Federal Bureau of Statistics. In real terms shipments of these products have touched US $3.02 billion in the period July-September, the first three months of fiscal 2008-09, compared to $2.22 billion in the same period of the previous fiscal.

This growth was led by an increase in shipments from sectors like sports goods, leather, footwear and other products like rice, surgical and engineering goods. The other main traditional export revenue generator; textiles and garments witnessed a marginal dip of 0.97 percent.

Exports of textiles and apparels fell to $3.59 billion from $3.57 billion in the period under review. The most notable point that comes out on studying the report is that imports of textile machinery has fallen by 28 percent, which means that the companies are not investing in technology competency.

The biggest growth came from shipments of raw cotton which zoomed by 234.35 percent, knitwear 4.21 percent, cotton cloth 9.25 percent, art silk 27.69 percent, towels 30.90 percent and made ups 5.44 percent in the first three months of fiscal 2008-09 against the same period of 2007-08.

Fibre2fashion News Desk - India


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