The exports of textile and apparel for October grew 38% to Rs 20,353 crore as against Rs 14,779 crore reported in the same month of 2017. It is interesting to note that during the month, the apparel exports have grown at a whopping 54%, said Confederation of Indian Textile Industry (CITI) recently.
Quoting the Union Ministry of Commerce & Industry, Sanjay K Jain, Chairman, CITI, said the positive trend in exports for the entire textile value chain has been the result of CITI’s continuous persuasion with the Government and pragmatic approach shown by the Union Minister of Finance, Union Minister of Commerce & Industry and Union Minister of Textiles on T&C industry issues especially post GST implementation.
Similarly, carpet and handicrafts export grew 52% and 24%, respectively to Rs 1,013 crore (Rs 668 crore) and Rs 1,078 crore (Rs 870 crore), respectively during the month, Jain said quoting the data.
While the whole of textiles saw 28% growth to Rs 12,025 crore as compared to Rs 9,377 crore in October 2017, that of apparel exports stood higher at Rs 8,327 crore (Rs 5,402 crore), reporting a growth of 54%.
Source :- Dailyshippingtimes.com