India Garment Industry Has Export Competitiveness
India garment industry has export competitiveness, which is mainly due to lower production cost and abundant raw material base in India.
The export of textile industry in the 2008 fiscal year showed a negative growth of 0.5%, an increase of 3.7% in 2009, an increase of 17.7% in the 2010 fiscal year, and a 13.3% increase in the 2011 fiscal year.
According to the latest RMG (clothing and clothing) statistics
data
It shows that in the 11 months of April -10, exports increased by 28% to 342 billion 700 million rupees, accounting for 47.3% of the total textile exports.
Garment garments reported that apparel exports were also ups and downs, just like textile exports.
India is the third major supplier of the European Union (27) and the United States.
Country
The market share in these two countries was 7.78% (trailing China and Turkey) and 5.96% (trailing China and Vietnam).
However, for India, the United States / Canada is the main export market, with an export share of 23.66%, followed by the European Union (27), a share of 23.55%, Africa's share of 10.34%, and Bangladesh's market share of 9.32%.
Exports of cotton fabrics, Sri Lanka continued to maintain a leading share of 14%, followed by
U.S.A
(10.36%) and Bangladesh (6.74%).
Other major markets are UAE, Italy, Senegal, Togo, Turkey, the United Kingdom and Sultan.
The United States continued to maintain a leading share of 47% (in cotton products), followed by Germany (7.78%) and the UK (7.57%), and other leading markets including the UAE, France, Italy and Australia.
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