India has overtaken Germany and Italy to emerge as the world´s second largest textile exporter.
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Chinas change in cotton policy kicked up dust in India and elsewhere, and though no sea change in global cotton scenario is expected, it triggered off a ripple effect in cotton circles
India exported 1,082 million kgs of cotton yarn, valued at $3.75 billion in the first 10 months (April-January) of fiscal year 2013-14. It is estimated that cotton yarn export for the full fiscal year 2013-14 would be around 1,350 million kgs valued at $4.70 billion.
The SRTEPC has played a transforming role over the years in promoting exports of Indian Man-made fibre textiles. Exports of these items which were negligible in the 1960s, have grown substantially to touch Rs. 34,518 crores (US$5.75 billion) during 2013-14.
The competitiveness of the Chinese clothing industry is set to weaken over the next few years as costs rise. As a result, export growth could falter.
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, Chinas export is seven times higher than that of Indias.
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).