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2011 The Export Of India'S Man-Made Fiber Textiles Has Been Greatly Affected.

2011/1/4 16:01:00 60

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Unlike most other industries and exports, India's man-made fiber textile sector has hardly been affected or even increased in the recent global economic crisis, but its recent performance has been poor. The newly elected Shri Vinod K. Ladia, President of the synthetic and rayon Textile Export Promotion Association, said.

Export growth in the 2009-10 year was close to 7%, reaching 168 billion 610 million rupees (3 billion 534 million US dollars), compared with the export of 157 billion 670 million rupees (3 billion 426 million US dollars) in 2008-09.

However, due to global and domestic factors,

Man-made fiber

Textile exports began to experience the most serious crisis in history.

As a result, the export of man-made fiber textiles decreased by 1% to 38 billion 520 million rupees in the 2010-11 months of April -6, compared with 38 billion 980 million rupees exported in the same period last year.

Exports continued to deteriorate in the two quarter of 2010-11, down by about 20% to 34 billion 640 million rupees, compared with 49 billion 100 million rupees in the same period last year.

The reason for the decline in exports may be the fact that India has opened up

Market export

The decline, such as the UAE and Saudi Arabia, has also seen negative growth in upcoming and growing market exports, such as Pakistan and Afghanistan.

External factors include slowing global economic growth, slow recovery in the US and European markets, and increased competition from China. These factors have led to a decline in the export of man-made fibres in India. In addition, the key factors are raw material prices and unprecedented increases, such as fiber and yarn.

The rebate rate has been greatly reduced, and the rupee's appreciation against the US dollar has also created pressure on the export of synthetic textiles.

The export of man-made fiber textiles may not meet the export target set by the government for 3 billion 700 million years in 2010-11 years.

The government has made ambitious plans to raise the export of man-made fiber textiles to US $7 billion in the next 2010-14 years, and this goal will also be affected.

The price of polyester staple fiber is increasing every day.

Polyester yarn

Prices have increased by 40% since October of this year.

The Association for the promotion of synthetic and rayon textiles exports asked the government to intervene to stabilize the prices of fibers and yarns, and to ensure that export production could obtain raw materials at international prices.

The association also urged the government to immediately raise the export tax rebate rate for 2010-11 years.