India Textile And Apparel Exports To Europe And America Grew Year On Year
India textile national minister Panabaaka Lakshmi said that in January this year, -5 months,
India textile and clothing
Exports to the US and EU countries increased by 1.61% and 11.66% respectively over the same period last year.
In a written report, she added that the government has taken action to expand the market share of India in Japan, West Asia, Africa and Australia in cooperation with the textile export promotion agency.
These measures will include India textile.
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Large exhibitions are held in these countries, where buyers and sellers meet to attend famous trade fairs and exhibitions.
In 2009-10, India's clothing exports fell 2.64% to $10 billion 640 million, compared with $10 billion 930 million in 2008-09.
The main reason for the decline in exports is the decline in exports to the European market, no increase in exports to the US market, and price competition from other countries, such as Bangladesh and Vietnam.
According to the data of India garment export promotion association, India garment pairs
European Union
Exports amounted to 5 billion 680 million US dollars, accounting for 55% of the total clothing exports in India over the past 2009 years.
The United States is another major market for textiles in India. Exports to the United States account for 30% of India's overall clothing exports.
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