Apr 21 st, 2018

Export NewsNo Comments

The Textile and clothing exports of India fell by 0.4% in the financial year 2017-2018 to $35 billion mainly due to a fall in the apparel exports.

The cotton yarn, fabric and made up export increased by 4% but the apparel exports saw a fall of 4% and fell from $17.3 billion to $16.7 billion.

As per the Cotton Textiles Export Promotion Council, the cotton textile exports showed a positive trend. There is, however, a need to get the garment export to positive as it moves all parts of the textile production chain. The garment exports are increasing from countries like Vietnam and Bangladesh.

The Apparel Export Promotion Council spokesman talked about the fall in production of garments has reduced in the period of last 10 months mainly due to inability to win the international orders. The pricing is not competitive on the world market. The garment exporter earlier got Rs.7 to Rs.8 a piece is now getting Rs.2 to Rs.3 a piece due to drawback. The government may increase the drawback rates and the industry has been working with the government to revise drawback rates and higher Rebate of State Levies.

India also seeks changes in South Asia Free Trade Agreement making the origin for garment imports from Bangladesh clear as the fabric should be from India or Bangladesh. The garment exports are seeing a decline from last four years.

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