Textile quotas expiry bears little effect on exports growth - only 7% rise in Jan-Mar period
21 May '05
2 min read
a cause for concern was the decline in negative terms for cotton yarn, bearing 13 percent weightage to 16 percent at $ 277 million and synthetic textiles, with 3 percent weightage dipping by 17 percent to $75 million, during the said period. export of cotton yarn and synthetic textile's decline in rupee terms was 13 percent and 14 percent to rs 16 billion and 4 billion, respectively.
as textiles contributes towards 60 percent of the export earnings for the country, the impact should have been profound on the sector in the post quotas phase. but, surprisingly, it has not been so and only time will tell if exports rise to the occasion and bring in much required foreign exchange and relief to the industry that has been accorded preferential status by the government.
marketing@alchempro.com
