In­dia ranks sec­ond in global tex­tiles ex­ports

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Virender Up­pal, AEPC Chair­man, ex­pressed his hap­pi­ness over this im­pres­sive growth and stated that, “De­spite hav­ing a slow re­cov­ery in our big­gest tra­di­tional mar­kets the USA and the EU, 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 mar- kets, 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 in­creased by 17.5% in the year 2013, as com­pared to the pre­vi­ous year. In­dia’s tex­tiles ex­ports to the world cur­rently is US$40.2 bil­lion. This growth is phe­nom­e­nal as the global tex­tiles growth rate is only 4.7%. In­dia, on the other hand, has reg­is­tered the growth of 23%, beat­ing China and Bangladesh, which has reg­is­tered 11.4% and 15.4%, re­spec­tively.

The to­tal turnout for global tex­tiles ex­ports is ap­proxi- mately 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.

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 com­peti­tors like Italy, Ger­many and Bangladesh, with China how­ever, still re­tain­ing its top po­si­tion.

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