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During the period of April –December’ 2008, the Cotton Textiles including
Handlooms exports have amounted to US$ 3.765 billion, recording a decline
of 11.39% over the exports during the corresponding period of 2007.
During the period of April –December’ 2008 the Man-made Textiles exports
have amounted to US$ 2.58 billion, recording a growth of about 12.07%
over the exports during the corresponding period of 2007.
(iv) Silk Textiles: During 2007-08 the silk exports have amounted to US$
0.657 billion, recording a decline of 6.88% over the exports during the
previous year.
During the period of April –December’ 2008 the Silk Textiles exports have
amounted to US$ 0.523 billion, recording a growth of 14.16% over the
exports during the corresponding period of 2007.
(v) Woolen Textiles: During 2007-08 the woolen textiles exports have
amounted to US$ 0.44 billion, recording a growth of 4.5% over 2006-07.
During the period of April –December’ 2008 the woolen textiles exports
have amounted to US$ 0.379 billion, recording an increase of 22.66% over
the exports during the corresponding period of 2007.
(vi) Handicrafts including carpets: During 2007-08 the handicrafts
exports have amounted to US$ 1.45 billion, recording a growth of 6.31%
over the exports during 2006-07.
(vii) Coir: During 2007-08 the coir exports have amounted to US$ 0.16
billion recording an increase of 9.86% over the exports during 2006-07.
During the period of April –December’ 2008 the coir exports have amounted
to US$ 0.109 billion, recording a decline of 6.19% over the exports during
the corresponding period of 2007.
(viii) Jute: During 2007-08 the Jute exports have amounted to US$ 0.326
billion, recording a growth of 25.32% over the exports during 2006-07.
During the period of April –December’ 2008 the Jute exports have amounted
to US$ 0.242 billion, recording a decline of 2.35% over the exports during
the corresponding period of 2007.
i) India’s textiles and clothing export has observed ups and downs in
recent times. It was anticipated that India with a strong supply chain linkage
from fibre to garments would be a major beneficiary in the quota free regime
and trends observed in Indian textiles exports during the first two years of
post quota period also indicated this. However, for the Indian textiles
industry which depends almost exclusively on domestic sources the strong
appreciation of Indian rupee vis-à-vis the US dollar in 2007-08 landed the
textiles and clothing exports in a difficult situation. This was established by
the fact that India’s share in global textiles and clothing exports in 2007
declined to 4% and 2.8%, respectively from 4.3% and 3.3% in 2006.
iv) Some of the reasons attributed to this decline are the financial sector
meltdown and economic slow down in international markets, increased cost
of production due to increasing raw material costs, power and other input
costs which have affected the profitability of textiles and garments units in
India and their exports. The liquidity crunch is another factor that is
affecting the industry.