India’s apparel exports increase by 31 percent in October

Releasing the apparel exports data for the month of

October 2013, A Sakthivel Chairman, AEPC says, “Apparel exports were to the tune of 1,190 million dollars (above Rs 74,500 crores) in October 2013-14 with increase of 30.91 percent against the corresponding month of last financial year. In rupee terms, the exports have increased by 53.3 percent in Oct. 2013-14 over the same month of previous FY.”

He feels AEPC’s efforts and investments in the right markets coupled with government support have paid dividends. It was indeed a difficult time but between opportunity and crisis trade-offs, they kept on looking for better and newer markets; kept innovating with their products. “With the continued support of the government, apparel exports will be meeting the target set,” he added.

Exports in dollar terms for April-October of the FY 2013-14 increased by 15.5 percent over the same period of previous FY, however, in rupee terms exports increased by 26.18 percent compared to same period of last FY. In April-October 2013-14 in rupee terms apparel export of India was to the tune of Rs 49,096 crores compared to Rs 38,911 crores in April-Oct. 2012-13. In the FY 2012-13 exports in dollar terms declined by 6 percent from previous fiscal year.

Apparel imports of the United States witnessed an increase of 3.7 percent in the January-September of 2013 from the previous year. In the Jan-Sept 2013, US imports of apparel from India increased by 5 percent. EU’s apparel imports accounted for 47.8 billion dollars (Rs 30,128 crores) for the January-July 2013 with no increase over the previous year.