India Clothing Export Is Hard To Achieve Its Expected Target
India official said recently that since the 2011~2012 financial year, although the India rupee has been devalued for a long time, because of the sovereign debt crisis, Europe's demand in India's largest market has shrunk, so India's textile and clothing exports may reach less than US $33 billion.
Nair, President of India Textile Industry Federation, said earlier that in 2011~2012, India textile and clothing
Exit
It could reach $33 billion, and the export target is only one step away due to the rupee depreciation.
Nair, President of India Textile Industry Federation, said earlier that in 2011~2012, India
Textile and clothing
Exports may reach $33 billion, and the export target is only one step away due to the rupee depreciation.
However, from the export situation in recent months, it is still difficult to achieve this goal.
As the European debt crisis intensified, February this year, India
clothing
Exports amounted to US $1 billion 280 million, an increase of only 1.5%.
In addition to external factors, domestic textile mills in India bought the main raw material cotton at high prices, and domestic yarn prices dropped, leading to India.
cotton spinning
The domestic sales of the factory are unprofitable.
Because domestic demand is weak and exports are restricted, they can not export their products, resulting in huge losses.
Despite a slight rebound in the US market, the macroeconomic crisis in Europe is still worrying.
Although India exporters are trying to promote sales to new markets to reduce risks, no substantial breakthrough has been made so far.
As the two most important export market in India, the European Union and the United States account for about 65% of India's total textile exports.
Statistics show that the textile industry accounts for about 14% of India's gross industrial output, accounting for more than 10% of the total export volume of the country.
The textile industry is the only industry that creates the largest employment opportunities next to agriculture. There are about 35 million employees in all sectors.
In the fiscal year 2010~2011, exports of textiles and clothing in India amounted to US $26 billion 800 million.
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