In The Three Quarter Of 2011, Clothing Exports Increased To US $2 Billion 438 Million In The 2 Billion 438 Million Quarter.

2011/2/25 11:19:00 35

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Garment Exports In The Three Quarter Of India

The government of India took the initiative to restrict the export of cotton yarn, and domestic prices declined. In the three quarter of fiscal 2011, clothing exports increased to 2 billion 438 million US dollars, compared with 2 billion 398 million US dollars in the same period last year.

clothing

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PremalUdani, President of AEPC, said that India's clothing department was under pressure because of the rising price of cotton yarn, and the price of cotton yarn has increased substantially since December 2010.

Therefore, the India government recently announced restrictions.

Cotton yarn

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In order to curb the rising price of yarn in the domestic market, the government announced in November 2010 that the export volume of cotton yarn in fiscal year 2011 was 720 million kilograms.

according to

AEPC

Statistics show that exports increased 40% in December to 1 billion US dollars, while exports in November 2010 amounted to US $71 billion.

The United States is the largest export market for clothing in India. Export growth to the United States is the main reason for the growth of India's clothing exports.

According to the statistics of India Clothing Export Promotion Association, in January 2010 -11, India's clothing exports to the United States increased by 10% to $2 billion 903 million, compared with exports of 2 billion 636 million 900 thousand US dollars in the same period in 2009.

The president said: we are optimistic that this fiscal year is very optimistic.

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It will reach 11 billion dollars.

Next year, as long as raw materials are stable, India's exports are expected to grow by 10% again.