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    India'S Clothing Exports Have Declined In The Past Two Months.

    2012/6/18 11:04:00 24

    Clothing ExportIndia Textile IndustryEuropean Market

    According to export orders from the US and Europe in 4-5, India

    Clothing export

    Businessmen are cautious about achieving the export target of US $18 billion this year.

    After disappointing clothing exports to the US and European markets, India's textile and garment industry did not make enough efforts to pform the new market.



    Obviously, in the past two months, exports to the US and European markets have dropped by 30%.


      

    India textile industry

    Nair, Secretary General of the DK, said: "the rupee depreciation may depict the rise in exports, but exports of clothing to the US and European markets in India have declined.

    In such a short time, it is impossible for India's exporters to pfer to new markets immediately.

    Therefore, it is difficult for them to achieve this year's export targets.



    To the United States and

    European market

    Exports accounted for 70% of India's total clothing exports, and exports in the 2011-12 fiscal year were about 14 billion dollars.



    "The government has set an export target of $18 billion for exporters," said the chief management officer of Kaytee Limited by Share Ltd, Mumbai.

    Considering the decline in exports to the western market, it seems unlikely that this goal will be achieved.

    We can only get a clearer picture in August, and we will accept next year's orders.

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