Garment exports at USD 907m in October

Apparel exports remained flat at USD 907 million in October 2012 compared to the same period last fiscal due to sluggish demand in the European and the US markets.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset
moneycontrol.com

Home » News » Current Affairs

Nov 30, 2012, 07.06 PM | Source: PTI

Garment exports at USD 907m in October

Apparel exports remained flat at USD 907 million in October 2012 compared to the same period last fiscal due to sluggish demand in the European and the US markets.

Like this story, share it with millions of investors on M3

Garment exports at USD 907m in October

Apparel exports remained flat at USD 907 million in October 2012 compared to the same period last fiscal due to sluggish demand in the European and the US markets.

Post Your Comments

Share Cancel

Apparel exports remained flat at USD 907 million in October 2012 compared to the same period last fiscal due to sluggish demand in the European and the US markets. In October last year, garments exports stood at USD 914 million, according to the data provided by the Apparel Export Promotion Council (AEPC).

"Buyers in markets like Western Europe and USA are not placing more orders due to the economic turbulence in their economies," AEPC Chairman A Sakthivel said. Also, he said, there is a stiff competition from neigbouring countries like Vietnam and Bangladesh in the US market and from Turkey in EU market. During 2011-12 fiscal, the US and Europe together accounted for over 65 per cent of India's total apparel exports which stood at USD 14 billion.

Further, Sakthivel said, rising wage rates, hike in oil prices and raw-material cost are factors affecting exporters' profitability. During April-October 2012 period, garments exports dropped by 9.1 per cent to USD 7.1 billion compared to the corresponding period last year. To reduce dependence on western markets, exporters are marketing their products by participating in trade exhibitions and holding road shows in new markets like Latin America, Japan, Israel, Russia and South Africa.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Garment exports at USD 907m in October

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login