Exports of textiles and garments from Sri Lanka increased by 4.5 per cent year-on-year in the first six months of this year.
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India’s spun yarn exports in July 2016 plunged 36 per cent in volume terms and value terms. Indian spinners faced a fall in their margins and found it difficult to compete on the international market.
Under a special advance authorisation scheme, the Indian Government has introduced duty drawback of 3.2 per cent to 4.7 per cent (depending on the category) for exports of non-fabric inputs made from imported fabrics.
The weakness in trade in China, the world’s second-largest economy, continued in July 2016. China’s exports fell again in July by an unexpectedly wide margin. Exports fell by 4.4 per cent to $184.7 billion, of course, a slight improvement over June’s 4.8 per cent contraction, the country’s customs data showed. On the other hand, imports fell 12.5 per cent to $132.4 billion rising from a decline of 8.4 per cent.
A . T.E. Enterprises Private Ltd´s journey began in 1939. Currently the company operates in various domains including textile engineering, cooling solutions, wastewater solutions, energy efficiency solutions, machine-to-machine solutions, flow technology and print and packaging solutions.
Alok Industries, which has built the biggest capacities in yarn, fabrics, processing and garments, accumulating a heavy burden of debts running into thousands of crores, has begun a serious exercise of consolidation.
Over the last 10 years, India?s textile and apparel exports have grown at the rate of 11 per cent. After the phasing out of export quotas in 2005 India?s export performance has been below expectations. Vietnam and Bangladesh have shown remarkable success.