Narain Aggarwal, Chairman of the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), in his address at the 63rd Annual General Meeting held on September 28, 2017 in Mumbai said that exports of MMF textiles during the year 2016-17 had shown a nearly 2 per cent growth in value terms and was on path of recovery.
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Misfortunes have come in battalions for textile exporters ? firstly GST dilemma, then, hardening of rupee and now the axe on duty drawback rates. An exclusive ITJ Report throws some light on the issue.
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.
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.
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.