▲ Up
 
04:22 28-08-2016
MAIN АКИpress CA-News
About us On-line subscription
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
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
17:05 Somalia beach restaurant attack kills at least 1016:34 Uzbekistan may release 4 detained Kyrgyz citizens today16:31 OSCE supports workshop on best practices in border surveillance for Kazakh, Kyrgyz and Tajik border officials16:26 Situation with detained 4 citizens of Kyrgyzstan by Uzbek police under control of country's leadership – Vice PM16:02 Diplomatic consultations on release of Kyrgyz citizens detained by Uzbek police in progress15:56 4 citizens of Kyrgyzstan still held in police department in Uzbekistan15:40 Kyrgyzstan's trade with EAEU countries down by 28.9% in H115:31 80% of tickets for Second World Nomad Games' opening, closing sold15:30 Islamic Development Bank preparing country strategy for Kyrgyzstan: Ministry of Economy15:15 Upstream projects, downstream disposals drive Kazakhstan oil and gas sector: Fitch15:00 Kazakhstan, Japan discuss transport, logistics and tourism cooperation14:49 President Atambayev's younger daughter releases clothing line14:30 Agriculture Ministry denies ban on honey export by Kyrgyzstan to China14:25 Turkmenistan awaiting decision on land in Issyk-Kul for construction of 5-star hotel14:16 It is possible to build 93 hydropower plants in Kyrgyzstan: HPS executive director13:51 President Atambayev emphasizes importance of Kyrgyz-Chinese projects in Kyrgyzstan13:36 France's highest administrative court to decide on burkini ban on beaches13:27 Bomb kills 8 riot police in south-east Turkey13:26 Bishkek-Manas airport road open after reconstruction: Ministry of Transport12:54 Kyrgyzstan's radio relay station in disputed Kyrgyz-Uzbek border area functions normally, Telecommunications Agency says
Astana
+30° C
Ashgabat
+35° C
Bishkek
+32° C
Dushanbe
+29° C
Tashkent
+34° C
Ulaanbaatar
+19° C
exchange rates
 
77.65
68.79
10.31
1.06
382.46
338.73
50.79
5.23
6.85
6.26
1.01
0.12
3286.53
2888.39
446.81
42.81
3.95
3.50
0.52
0.05

© AKIpress News Agency - 2001-2016. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to 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