During the first five months of the current fiscal beginning from July 2009, exports from the textile sector fell by 3.21 percent to US $4.20 billion, against $4.34 billion recorded in the same period of the previous year.
Textile exports account for about 55 percent of overall export revenue from the country which stood at $7.61 billion during the period under review. Corresponding figures for the same period of last fiscal year touched $8.23 billion.
From amongst various segments, likes of raw cotton exports earned $108.5 million against $52.31 million, depicting an increase of 107 percent, while shipments of cotton yarn increased by 18.28 per cent to $590 million, against $499 million.
Yarn other than cotton yarn also shot up by 30.7 percent to $16.88 million against 12.9 million last year and art, silk and synthetic textile increased by 86.4 per cent to $205.5 million during July-November 2009-10.
Segments which recorded negative growth rates were cotton fabric shipments which declined by 30 percent to $665.7 million against $949.5 million the previous year and cotton carded or combed revenues fell by 92 per cent to $0.75 million against $9.43 million.
Exports of Bedwear too fell to $701 million from $755.5 million, down 7.2 per cent; knitwear brought in $764.5 million against $826.7 million, to decline by 7.52 percent and towel shipments plunged six percent to $270.5 million.
Other textile segments which witnessed a negative growth were tent, canvas and tarpaulin by 12.2 percent to $22.14 million and made-up articles (excluding Towels and Bedwear) shipments which fell by 1.2 percent to $210 million.
Fibre2fashion News Desk - India
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