HC clothing online in the 2010-11 fiscal year, India's apparel exports are expected to decline by 3%, down 10.2 billion U.S. dollars, which is due to higher cotton in the local market costs.
India Apparel Export Promotion Council (AEPC) Secretary-General Curtis. Singh said: buyers turn to other neighboring markets, such as Bangladesh and Vietnam, these countries are more cost-efficient.
industry experts say the price of cotton yarn in the past three months has increased by 40%, which is due to the rising cost of cotton. Yarn to calm the domestic market price increases, the current fiscal year, the Indian government restrictions on exports of cotton yarn in 720 million kg. In October, India's garment exports reached 717 million U.S. dollars, with the year-ago quarter, according to AEPC data. To the fiscal year in July, India's apparel exports declined. However, since August has been a positive growth in exports. In the current fiscal year, the first 7 months, India's garment exports fell by 6%, down 5.7 billion. Approximately 700 million people in the garment industry provided employment, half of which in the export sector.
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