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Textile and clothing exports slid 0.4%

YarnsandFibers News Bureau 2018-04-23 11:15:00 – Tamil Nadu

There is positive feedback from the government on increasing the drawback rates. But this is yet to happen.A garment exporter who used to get ₹7 or ₹8 a piece from drawback is getting just ₹2 or ₹3 a piece now. Apparel exports decline 4% to $16.7 bn; yarn shipments rise. We could not bag the orders as our pricing was not competitive,” the spokesperson of the Apparel Export Promotion Council said.He also added that the garment production had declined in the last 10 months

Siddhartha Rajagopal, executive director of the Cotton Textiles Export Promotion Council said that,“Exports of cotton textiles are positive. But we need to get the momentum back in garments. When garments move, every segment [of the textile value chain] moves,” said. He also brought attention to that the Garment exports from Vietnam and Bangladesh were increasing

While exports of cotton yarn, fabrics and made ups grew 4%, outbound apparel shipments registered a 4% decline, reducing from $17.3 billion to $16.7 billion.Textile and clothing exports slid 0.4% in the last financial year (2017-2018) to $35 billion as apparel exports fell

“Exports have slowed down for almost four years. Some serious thought should go into this by the Government and the industry,” S.K. Jain, chairman of Confederation of Indian Textile Industry said.He also added that the the industry was working with the government for revision of drawback rates and higher Rebate of State Levies. It has also sought amendment of the South Asia Free Trade Agreement with rules of origin clear for garment imports from Bangladesh. The fabric should be from India or Bangladesh

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