Home / Knowledge / News / Textiles / Textile exports finally turn positive

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


Must ReadView All

Pic: Shutterstock

Textiles | On 8th May 2021

French Development Agency to invest $83m in Ivory Coast cotton sector

Over a period of five years, the French Development Agency (AFD) will ...

Pic: Juki

Apparel/Garments | On 8th May 2021

Japanese companies collaborate to develop sewing machine business

Juki Corporation and Pegasus Sewing Machine Mfg have entered into a...

Pic: Rocky Brands

Apparel/Garments | On 8th May 2021

Rocky Brands expands Made in America capabilities

Rocky Brands has expanded the offering of its Made in America product ...

Interviews View All

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Dr. Vijaya Kumar,

Dr. Vijaya Kumar

Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

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


May 2021

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


Advanced Search