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Overall textile exports bounce back with 19% growth

29
May '10
Overall exports of the country, have witnessed recovery in the month of April, recording 19 percent growth by earning $1.4 billion. The Export Promotion Bureau revealed that, these exports during first 10 months of the current fiscal year, recorded 0.97 percent escalation against the same period a year-ago.

During July-April of this year, the country garnered $12.94 billion export earnings and during the same period last year, these earnings were $12.81 billion. The country has set an annual export target of $17.6 billion for FY2009-10.

This positive trend in export earnings is mainly due to jute and jute goods, which have again started witnessing export demands, said Shahab Ullah, Vice Chairman of the state-run export promotion agency. But, the exports of knitwear and woven garments, which are the major export items, are yet to experience positive trend, pointed Ullah.

In July-April of 2009-10, knitwear and woven garment exports brought in $5.12 billion and $4.83 billion of revenue, respectively, but in the same period a year ago, these exports stood at $5.23 billion and $4.90 billion, respectively. This shows that, the knitwear exports recorded 2.06 percent fall, while woven garment exports fell by 1.38 percent.

However, in the month of April, exports of knitwear items swelled up by 13.52 percent and woven garments by around 13 percent. While the jute goods' export accounted $377.09 million, recording 69.82 percent growth. The exports of raw jute and petroleum by-products escalated by 44.35 percent and 103.66 percent, respectively, leading to a revenue of $170.41 million and $235 million, respectively.

During these 10 months, other major export items such as home textile, textile fabrics and handicrafts earned $234.21 million, $53.69 million and $4.39 million, respectively, through their exports.

Fibre2Fashion News Desk - India


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