Source: Fibre2Fashion.com

13 Jan 2022

(Fibre2Fashion News Desk (KD): During April-December 2021, the total textiles and apparel including handicrafts exports was $29.8 billion as compared to $21.2 billion for the same period last year. This implies robust growth of approximately 41 per cent over last year. As compared to April-December 2019, textile exports increased by 14.6 per cent in April- December 2021.

Textiles exhibited an increase in export of 31 per cent, cotton yarn/ fabrics/ made-ups, handloom products etc exhibited an increase of 43 per cent and jute products exhibited an increase of 33 per cent from April- December 2021 as compared to April-December 2019.

Government has set the target of $44 billion for textiles and apparel including handicrafts and approximately 68 per cent of annual target has already been achieved. The last quarter of FY always has higher activity than the earlier quarters. Hence, industry is hopeful that targets will be duly met.

Textile sector has continuously maintained trade surplus with exports manifold higher than imports. In FY 2020-21 there was a deceleration in textile exports due to pandemic disrupting the supply chain and demand. However, signs of recovery are visible in 2021-22, the Ministry of Textiles said in a press release. (Source: Fibre2Fashion.com)