Exports of majority of categories under textile segment declines in February
New Delhi, Mar 19 (KNN) A majority of categories like carpet & handicraft, jute manufacturing, man-made yarn/ fab/ made-ups under the textile segment have reported decline in exports in February.
Only the cotton yarn/fabs/made-ups/handloom products category have shown growth under the segment.
According to the Confederation of Indian Textile Industry (CITI), man-made yarn/fab/made-ups category has reported a decline of 2% in the month to USD 388 million, compared with USD 398 million in the year-ago period. Similarly, jute manufacturing (including floor covering) reported a decline of 10% to USD 23 million as compared to USD 26 million in February 2018.
The carpet and handicraft categories reported a decline of 3% each to USD 111 million (USD 114 million) and USD 151 million (USD 156 million), respectively, in exports during the month.
Exports of the apparel segment, however, grew 7% during the month to USD 1.544 billion, compared with USD 1.44 billion in February 2018.
Following this, textiles and apparel exports in February saw a growth of 3% to USD 3.094 billion, against USD 2.992 billion in February 2018. Cumulatively (April-February 2019), except the jute category, all the other categories under textile segment grew marginally.