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Textile exports finally turn positive

28
Apr '10
Textile exports in the country showed signs of revival with the exceptional increase in the exports e of raw cotton and yarn. However, the value-added sectors have not been able to stabilize themselves during the initial nine months of the current financial year.

Federal Bureau of Statistics (FBS's) data reveal that, for the period from July to March this fiscal, exports of textile products totalled to $7.579 billion, as compared $7.190 billion recorded for the corresponding period in the previous fiscal, thereby recording a 5.66 percent growth.

The overall rise in the textile exports was registered due to the exceptional rise in raw cotton exports by 141.59 percent, cotton yarn by 28.96 percent and yarn other than cotton yarn going up by 102 percent for the period under consideration.

On the contrary, other export items in the textile category either registered a fall or managed to record only a marginal growth and the key item amongst them were the value-added textile products for which the period under consideration portrayed a gloomy picture.

Cotton fabric exports witnessed a fall of 13.42 percent during the initial nine months and stood at $1.307 billion as against $1.509 billion during the corresponding period in the previous fiscal.

Knitwear exports too fell by almost two percent valuing at $1.290 billion as compared to $1.315 billion in the previous fiscal; whereas bed-wear exports registered a decline of 1.45 percent recording $1.257 billion as against $ 1.275 billion in the previous year.

Amongst other items, towel exports increased by 3.80 percent, tents, canvas and tarpaulin went up by 2.88 percent, readymade garments rose by 4.21 percent and art silk and synthetic textiles increased by 75.67 percent.

Textile exports would have increased even more, had the government not imposed a restriction on yarn exports by permitting only a specific quota from January this year, opined exporters.

Fibre2fashion News Desk - India


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