India makes strides in textile export

India stands second to China in textile exports, and the former is far ahead of western countries including Germany & Italy, reveals data released by the Apparel Export Promotion Council (AEPC).

India stands second to China in textile exports, and the former is far ahead of western countries including Germany & Italy, reveals data released by the Apparel Export Promotion Council (AEPC). However, China´s export is 7 times higher than that of India´s. India´s textiles exports were estimated at $40 billion in 2013, compared with China´s $274 billion. Textiles includes everything from fibre and yarn to fabric, made-ups and readymade garments made of cotton, silk, wool and synthetic yarn.

Over 55 per cent of the global trade relates to readymade garments, where India ranked sixth in 2013. India recently overtook Turkey by reaching exports of $16 billion, which is around 40 per cent of the country´s textiles exports. For China the share of garments is estimated at close to 60 per cent. Here in garment sector is where China holds the biggest advantage, indicating that the Indian government readymade industry has a long way to go.

CATEGORIES
TAGS
Share This

COMMENTS

Wordpress (0)
Disqus ( )

Hi There!

Now get regular updates from ITJ Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Textile News on Whatsapp! Enjoy

+91 81082 88300

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back