India'S Export Volume Is On The Rise.

textile industry

Although countries such as Italy, Spain and Greece suffered the most severe blow from the euro zone crisis, orders from these countries plummeted, but India

Orders from Britain, France, Germany and Holland continue to be received.

In addition, orders from the United States have been increasing.

Judging from the current positive signs, India's clothing industry is confident of achieving the export target of US $18 billion in the current fiscal year.

India has more than 7000 garment exporters, employing 11 million workers. In the last fiscal year, India's clothing exports were US $13 billion 700 million, slightly below the established export target of US $14 billion.

At present, the clothing industry is exploring the non traditional market.

In April, a delegation of 45 exporters visited Africa. Last month, another delegation visited the Nordic countries Denmark, Norway and Sweden.

The blow is not too big.

In addition, the plan of key products linked to the EU and US exports and two percent interest subsidy incentives have also promoted India's clothing exports.

Jarao, Minister of Commerce of India, said that India textile and garment enterprises have received a large number of export orders in the coming months, so the textile and clothing is bound to increase.

The India EU free trade agreement is expected to be signed by the end of this year, which will help India's clothing department to gain greater EU market access, thereby enhancing its competitiveness with Bangladesh and other countries. Bangladesh and other countries enjoy zero tariffs on US exports.

From the data, in the first quarter of this fiscal year,

Exports dropped sharply by 12% to $3 billion 200 million.

India textile Ministry is also optimistic, although the EU and the United States demand for a downturn, but this year, India textile and clothing exports will achieve the target of 40 billion 500 million US dollars, higher than the last fiscal year of 33 billion dollars.