India ranks second in global textile exports

Discussion in 'Economy & Infrastructure' started by cobra commando, Jun 3, 2014.

  1. cobra commando

    cobra commando Tharki regiment Veteran Member Senior Member

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    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. Mr. Virender Uppal, Chairman, AEPC, expressed his happiness over this impressive growth and stated that, “Despite having slow recovery in USA and EU, our biggest traditional markets as well as prevailing global slowdown coupled with sustained cost of inflationary inputs, we made the best possible efforts to reach here. The Government policy of diversification of market and product base has helped us and we ventured into the newer markets, which paid huge dividends. We also leveraged our raw material strengths and followed sustained better compliance practices which attracted the buyers and international brands across globe to source from India.” 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.


    Read more here:
    India ranks second in global textile exports | Latest News & Updates at Daily News & Analysis
     
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  3. roma

    roma NRI in Europe Senior Member

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    Not necessary to ask who was first

    But the Indian textile industry deserves a serious round of congratulatios to be able to be in second place
    even with that bongo-congo administration ?

    I didn't have time to go through the few figure given in the article referred to but i expect India would
    be lagging far behind the #1 ? We should be seeing improvements in the next few years .
     
    AVERAGE INDIAN likes this.

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