22:27 30-10-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
India ranks second in global textile exports

Bishkek (AKIpress) - textile India has improved its ranking as per the recent data released by ‘UN Comtrade’ in Global Textiles as well as Apparel Exports. In Global Textiles Exports, India now stands at second position beating its competitors like Italy, Germany and Bangladesh, with China still retaining its top position, Indian media report.

India’s share in Global Textiles has increased by 17.5% in the year 2013 compared to the previous year. Currently India’s textiles exports to the world is US$ 40.2 billion. This growth is phenomenal as the global textiles growth rate is only 4.7% compared to India as it has registered the growth of 23% beating China and Bangladesh which has registered 11.4% and 15.4%, respectively.

Total global textiles exports is to the tune of US$ 772 billion with India commanding 5.2% of the share. This growth in the increase in share of the Textiles Exports from India is largely attributed to the growth in the Apparel and Clothing sector as it accounts for the almost 43% of the share alone. The Apparel Exports ranking has also improved from 8th position in 2012 to 6th position in 2013. India’s apparel exports, was to the tune of US$ 15.7 billion in 2013, as against US$ 12.9 billion in 2012. Among the top five global clothing suppliers except for the Vietnam; India’s Apparel Exports growth was highest registering 21.8% growth during the year 2013. Apparel exports from India accounts for 3.7% of share in the global readymade garment exports.

Increasing labour cost in China, non-compliance of large number of factories in Bangladesh provide India a big opportunity in view of its relative advantage, risk appetite of Indian entrepreneurs and a small push from the Government may help India to get more business as overseas buyers are looking at India as safe and reliable option for the sourcing. But to capture the space in market left by China and Bangladesh, we have to be competitive in pricing, apart from meeting strict timelines, better quality delivery by Indian exporters and therefore, Government agencies active support is very crucial. AEPC is pushing in this direction to seek export friendly enabling environment from the Government, Mr. Uppal added.


Twitterfacebookprint
15:10 03.06.2014
LATEST NEWS
20:06 International donors pledge $3 billion for Aral Sea saving19:50 New electricity tariffs to become effective since January 2015 upon approval by general public – First Vice PM19:36 Small hydropower not developing in Kyrgyzstan due to long period of return of investments - Minister19:25 Power outage schedules to be approved by November, Kyrgyz government working on electricity import to avoid blackouts – Minister19:11 Construction of 14 apartment buildings for police officers planned in Kyrgyzstan19:04 Over 4,000 foreigners and stateless persons acquire citizenship of Kyrgyzstan in 201418:24 Kyrgyz government to continue legal proceedings against Latvian banker who won $16.5 million claim against it18:02 Kyrgyzstan should provide 425 villages with drinking water for 10 years – First Vice PM17:59 World Bank extends credits for over $400 million to Uzbekistan for irrigation17:53 Sweden the first EU member to recognize state of Palestine17:46 Kyrgyz government hands over equipment to rural water users associations to improve water supply17:35 Kazakhstan ready to cooperate with Russia in tightening control over transit of food products – National Economy Ministry17:24 Foreign Ministry's Envoy, Head of OSCE Field Office discuss cooperation plan for 2015, new projects in border areas17:16 7.5 billion som required annually for normal functioning of Interior Ministry – official16:39 Ukraine gas supplies in doubt as Russia seeks EU payment deal16:36 Around 400 Turkish companies active in Kyrgyzstan16:35 Almaty might become center of Islamic finance within Eurasian Economic Union - Kazakh Central Bank chief16:35 India's experience with current system of parliamentarism important for Kyrgyzstan – Central Election Commission Chairman16:31 Gold and foreign currency reserves of Kyrgyzstan grow 7.5 times over 12 years16:25 Electric Stations JSC obtains $30 million loan from Eurasian Development Bank for fuel procurement, lacks $55 million more
Astana
+1° C
Ashgabat
+12° C
Bishkek
+3° C
Dushanbe
+8° C
Tashkent
+11° C
exchange rates
 
72.95
57.33
9.20
1.34
230.21
180.87
29.60
4.23
6.34
5.00
0.82
0.12
3084.28
2367.40
385.74
61.13
3.61
2.85
0.47
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75