India's apparel exports grow for the sixth consecutive month to 1.1 billion
Updated: Oct 10, 2013 03:30:33pm
New Delhi, Oct 10 (KNN) Showing growth for the sixth consecutive month, India's apparel exports have increased by 14.9 per cent to USD 1.1 billion following good demands from the west.
This is the sixth consecutive month where apparel exports have grown, at an average of 13 per cent.
Also, the export-led employment grew by 6.5 per cent in April-June, according to the Labour Bureau Quarterly Reports July 2013.
Apparel Promotion Council of India (AEPC) has expressed happiness over the growth of apparel exports in September.
Lauding the efforts of the exporters, Chairman AEPC, A Sakthivel said, “We have organised fairs last month, we went to BSM New York and Spain and we got positive signals of revival of the economy in USA and EU.”
“Requesting the government, to put exports in the priority sector which was accepted by the Padmanabhan Committee can solve the problem of credit crunch for the Industry,” he added.
Sakthivel assured that with support of the government the target can be met.
Meanwhile, Commerce Secretary S R Rao had released the data for the month of September 2013. Exports during September, 2013 were valued at USD 27679.33 million which was 11.15 per cent higher in dollar terms than the level of USD 24902.00 million during September, 2012.
Cumulative value of exports for the period April-September 2013 -14 was USD 152105.40 million as against USD 144673.91 million, registering a growth of 5.14 per cent in dollar terms and growth of 13.95 per cent in rupee terms over the same period last year.
Speaking about the trade data released yesterday, Sakthivel said that the lowest trade deficit in the last six month is good news. The good monsoon, positive manufacturing core sector and revival of the US economy can spin the game and exports may be very good this year, he added. (KNN/SD)
This is the sixth consecutive month where apparel exports have grown, at an average of 13 per cent.
Also, the export-led employment grew by 6.5 per cent in April-June, according to the Labour Bureau Quarterly Reports July 2013.
Apparel Promotion Council of India (AEPC) has expressed happiness over the growth of apparel exports in September.
Lauding the efforts of the exporters, Chairman AEPC, A Sakthivel said, “We have organised fairs last month, we went to BSM New York and Spain and we got positive signals of revival of the economy in USA and EU.”
“Requesting the government, to put exports in the priority sector which was accepted by the Padmanabhan Committee can solve the problem of credit crunch for the Industry,” he added.
Sakthivel assured that with support of the government the target can be met.
Meanwhile, Commerce Secretary S R Rao had released the data for the month of September 2013. Exports during September, 2013 were valued at USD 27679.33 million which was 11.15 per cent higher in dollar terms than the level of USD 24902.00 million during September, 2012.
Cumulative value of exports for the period April-September 2013 -14 was USD 152105.40 million as against USD 144673.91 million, registering a growth of 5.14 per cent in dollar terms and growth of 13.95 per cent in rupee terms over the same period last year.
Speaking about the trade data released yesterday, Sakthivel said that the lowest trade deficit in the last six month is good news. The good monsoon, positive manufacturing core sector and revival of the US economy can spin the game and exports may be very good this year, he added. (KNN/SD)
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