Total exports of textiles and garments from Vietnam to the USA gained a year-on-year increase of 11.7 per cent to US$9.88 billion from January to November 2015.
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Total exports of textiles and garments from Vietnam to the USA gained a year-on-year increase of 11.7 per cent to US$9.88 billion from January to November 2015.
China’s textile industry is accounting for over 60 per cent of the world chemical and synthetic fibre production, and it is second in cotton production, says Avinash Mayekar of Suvin Advisors.
Cotton yarn production in India continued to remain sluggish during the 2017-18 registering only a marginal growth of about 0.1 per cent YoY after declining by about 2 per cent during the same period last year.
It is also worth noting that Asian and Oceanic countries have nearly 80 to 90 per cent share in shipments of all the segments of textile machinery.
Dollar has been hardening, making Indian textile and clothing exporters happy. With negligible import content for the domestic industry, and the Government’s bid to curb cheaper import, good times are ahead, reveals the ITJ Cover Story.
India’s textile and clothing exports in 2017-18 rose marginally by 0.7 per cent totaling to $36737.93 million over the previous fiscal