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ASSOCHAM hails RoSCTL extension for textile exports
July 2021
The continuation of RoSCTL scheme would provide a stable and predictable policy regime, allowing exporters to negotiate well in a highly competitive global market, stated ASSOCHAM President, Vineet Agarwal.
Bangladesh apparel export to USA suffers due to COVID
May 2021
Bangladesh's apparel exports to the US sustained a negative growth of over 8% YoY and fetched $1.53 billion in January-March 2021, down from $1.67 billion in 2020. The exports from China and Vietnam saw positive growth.
COVID crisis: Textile exports fell by 13% in FY2020-21
May 2021
The provisional data of the Cotton Textiles Export Promotion Council revealed that the exports of readymade garments and manmade textile declined by 20.78% and 21.20%, respectively. The final data is expected by May end.
Chinese fabric exports fall due to regional competition
April 2021
The re-emergence of the Southeast Asian garment industry, increasing labour cost and reluctance of clients to stock products are negatively affecting China’s fabric export volumes.
Myanmar’s apparel exports drop by half in two months
December 2020
The export of apparels from Myanmar have declined by 50 per cent in two months because of drop in demand from the European market the ministry of commerce stated in a news report.
Indian textile sector losing edge: CITI
August 2019
India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.
Pak textile exports post dismal 0.68% growth
January 2019
Pakistan’s textile and clothing exports recorded a meagre 0.68 per cent year-on-year surge to $1.139 billion in December 2018, taking the six-month (July-December FY19) exports to $6.645 billion up 0.06 per cent.
Customs duty on silk fabrics doubled to 20%
February 2018
Finance Minister Arun Jaitley proposed doubling of customs duty on silk fabrics to 20 per cent to provide adequate protection to domestic industry. According to the Budget 2018-19, customs duty on silk fabrics has been raised from 10 per cent to 20 per cent. Silk exporters, however, said the move would hit shipments of silk garments from India.
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