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In February 2010, India'S Clothing Exports Decreased By 10% Compared To The Same Period Last Year.

2010/5/29 9:21:00 18

Clothing

In 2010, clothing exports in India dropped by about 10% compared to the same period last year, and dropped to US $876 million, due to less demand from major markets, such as the United States and Europe, according to the estimate of India garment export promotion association.



In February 2009, India's clothing exports amounted to $973 million.

In the 4-2 fiscal year of 2009-10, clothing exports in India dropped by 13% to 8 billion 700 million dollars compared with the same period last year, and exports amounted to $10 billion 100 million during the same period last year.



India's clothing department employs 3 million 650 thousand workers, and exports in the last fiscal year (by March 31st) fell by 11%.

India, the president of the clothing export promotion association, said in New Delhi on Thursday.



Except for August and November, in the 2009-10 fiscal year to February, garment exports in other months declined.

And India's total exports have risen from November, and the clothing sector has not recovered from the decline.



The United States and the European Union account for 70% of India's total clothing exports.



However, India's clothing exports to the United States, the European Union and Japan are likely to increase in the context of the improvement of the retail market, the India Textile Industry Association (CITI) said.



Mr. Nair, Secretary General of the India garment industry association, said on Wednesday: "clothing exporters in India and Bangladesh are beginning to get a better price in the US."

There are signs of improvement in the retail market in Europe and the United States, all of which show that garment exports will improve in the coming months.



The India garment export promotion association also expects export figures to increase in April, despite the fact that the clothing industry is going through a difficult period.



However, the appreciation of the India rupee caused concern among exporters. The India rupee rose from 52 rupees to a dollar to 44 rupees to a dollar.

This has affected the exporters' income, Mr. Nair said.



Similarly, cotton fibers and synthetic raw materials have become more expensive.

The appreciation of rupee has challenged India's exporters.



In addition, the Ministry of textiles of India set the goal of increasing India's share in the global garment export market to 7% in 2012.

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