Home / Knowledge / News / Import/Exports / India's textile-garment exports fell to $37.12 bn in 2018

India's textile-garment exports fell to $37.12 bn in 2018

01
Jun '19
India
India, which was the second largest exporter of textile and apparel during 2014-17 after China, has fallen to the 5th rank in 2018 as Germany, Bangladesh and Vietnam have stepped in, according to chairman of Confederation of Indian Textile Industry (CITI) Sanjay K Jain. India's exports in this sector fell from $38.60 billion in 2014 to $37.12 billion in 2018.

India’s imports in this sector increased from $5.85 billion to $7.31 billion during the same period, according to a CITI press release.

CITI has come out with a white paper detailing all needed steps to boost the sector. It has also made a ten-point agenda to be addressed by the new government on a priority basis.

The agenda include simplifying the Technology Upgradation Fund Scheme(TUFS) guidelines and clear all pending subsidies in a time-bound manner, expanding the Rebate of State and Central Taxes and Levies (RoSCTL) benefit for the entire textile value chain, launching of the second phase of the Technology Mission on Cotton (TMC-II), providing direct subsidy to cotton farmers, announcing a national fibre policy, a mission-mode approach for promoting the man-made fibre sector, and addressing goods and services tax issues related to the sector. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Bangla trade bodies happy with proposed budget

Textiles | On 17th Jun 2019

Bangla trade bodies happy with proposed budget

Most trade bodies and business associations in Bangladesh are...

Pak PHMA rejects 17% sales tax on five key export sectors

Textiles | On 17th Jun 2019

Pak PHMA rejects 17% sales tax on five key export sectors

The Pakistan Hosiery Manufacturers Association has rejected 17 per...

Pic: Coresight Research

Information Technology | On 17th Jun 2019

Chinese consumers are more digital than westerners

Chinese consumers have higher expectations than ever before: they are ...

Interviews View All

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports &amp; Exports Co is a manufacturer and...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


June 2019

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

news category


Related Categories:

Advanced Search