India’s exports rebounded in August after slowing down in July , helped by a recovery in global demand. The country’s exports grew 10.3 per cent to $23.8 billion last month. Imports outpaced exports and increased 21 per cent to $35.46 billion, etc.
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The United States of America is asking the UN to banning the exports of North Korean textiles and freezing the assets of leader Kim Jong Un.
According to data compiled by the Cotton Textiles Export Promotion Council (TEXPROCIL), Indian cotton yarn exports witnessed a fall of 9.79 per cent in the first four months of fiscal 2017-18. Exporters cite slow pick up by China and Bangladesh, the two big target markets comprising around half of the cotton yarn shipments from India, for the decline.
India’s apparel exports continue to remain volatile and unencouraging with the global apparel trade not showing any signs of uptick amid subdued demand trends in the key importing countries.
As per the data available with the Government, the export of textiles and garments has shown an increase of 3.2 per cent during the last three years.
“Being based in Ichalkaranji has a lot of advantages and also some challenges. The availability of the latest state-of-the-art weaving machines, warping and sizing facilities, etc. augur well for large scale outsourcing. The biggest challenge though is that the present work culture and ethic, which is very mediocre and getting them to work on export based orders, faster turn-around-times gets very testing,†says Nikunj Bagdia, Managing Director, Ken Enterprises Pvt Ltd,
India is changing its colour from traditions to fashion and textile and apparel industry is the best observer to witness the same. We are growing and expanding to be precise we are developing beyond boundaries. From a country once considered only as a farmers land. India today has explored and is competing in each and every segment from textiles to electronics, our presence is dominant everywhere.