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Textile exports touch $8.46 bn in July-April 2010

26
May '10
During the initial ten months of the ongoing fiscal, exports of textile products showed an improvement of around 7 percent, reaching up to $8.46 billion from $7.905 billion recorded in the corresponding period last year, state the Federal Bureau of Statistics.

According to the data, raw cotton exports soared up to $194.154 million during July-April 2009-10 against $80.36 million for the corresponding period of the previous year, thereby, witnessing an increase of around 140.19 percent.

Corresponding to this, cotton yarn exports also witnessed growth. These exports reached up to $1.210 billion, recording 32.13 percent growth as against previous year's exports of $916.461 million.

However, during these 10 months, goods such as cotton cloth, cotton carded or combed, knitwear and bed wear witnessed a fall of 10.69 percent, 52.06 percent, 0.7 percent and 0.61 percent, respectively.

The export of cotton cloth, which stood at $1.641 billion during July-April 2008-09, dropped down to $1.465 billion during July-April 2009-10; whilst that of cotton carded or combed dropped to $8.974 million from $18.718 million.

Similarly, knitwear and bed wear exports plummeted from $1.434 billion and $1.408 billion to $1.424 billion and $1.400 billion, respectively.

Shipments of towel swelled up by 4.83 percent and that of tents, canvas and tarpaulin by 5.95 percent. Readymade apparels showed escalation of 5.21 percent, overseas sales of made-up articles rose by 10.79 percent, other textile materials by 31.37 percent, while art silk and synthetic textile exports witnessed a surge of 66.94 percent during the period under consideration.

Fibre2Fashion News Desk - India


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