India’s apparel exports grew 54 per cent in October 2018 as compared to October 2017. Textiles exports grew 28 per cent. Export of cotton yarn/fabrics/made-ups and handloom products during the period grew 25 per cent compared to October 2017. Export of manmade fabrics/yarn and made-ups during the month grew 31 per cent compared to October 2017. Carpet and handicrafts exports grew 52 per cent and 24 per cent during the month.
There has been a positive trend in exports for the entire textile value chain. The IIP production data for textiles and clothing also witnessed robust year on year growth during September 2018 as compared to September 2017. The textile and apparel industry saw a growth of 5.4 per cent and 20.9 per cent respectively during September 2018.
Growing positive trend shows visible signs of recovery after a difficult period. The industry was under major stress especially after the implementation of GST. The industry wants measures to boost exports and limit imports. Continuous growth in exports and the IIP index would result in boosting employment, scaling up production and most importantly making the ‘Make in India’ initiative a reality for the country’s textile and clothing industry.
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