chapter viii wool & wollen textiles industry - Ministry of Textiles

ministry of textiles
= As per latest available statistics,
exports of RMG during April-
October, 2011 was of the order of
USD 7088.74 million as against
USD 5512.15 million during the
same period last year, indicating
an increase of over 28.60% in US$
terms this year.
= EU was the biggest destination for
RMG exports, with over US$ 5.3
billion worth of exports during the
year ending March, 2011, recording
a growth of over 1% compared to
exports in 2009-10.
= US was the second biggest
destination for RMG, with exports of
US$ 2.85 billion for the year ending
March,11, recording a growth of
7.29% over the last financial year.
= UAE was the third biggest destination
with over a billion dollar worth of
exports to that group.
(ii)
Global exports of Handicrafts (HC)
= Exports of Handicrafts was of the
order of US$ 1.45 Billion in 2007-08
and had drastically reduced to US$
1.09 Billion in 2008-09 and further
went down to US$ 961.67 Million
in 2009-10. However, during the
financial year 2010-11, the exports
of handicrafts has appreciated to
USD 1.19 billion, recording a surge
of 24.46%.
(iii) Global exports of Handlooms (HL)
= Harmonized System of Classification
for Handlooms products was
introduced in 2009-10.
= Exports of Handlooms during 2009-
10 were of the order of US$ 260
Million and increased to 365 million
in 2010-11, recording a growth
of 38%.
= The biggest destination of India’s
Handlooms products is the USA
followed by the EU.
Country-wise analysis
= In the global market exports of
clothing, India ranked as the sixth
largest exporter as per WTO data
– 2010 (latest), trailing Turkey,
Bangladesh, Hong Kong, EU-27
and China. In the global exports of
Textiles, India ranked as the third
largest exporter, trailing EU-27 and
China, as per WTO data – 2010
(latest).
= Since August, 2008, the major
markets for India’s exports of T&C
products viz. USA, EU and Japan
have witnessed recessionary
conditions and financial crisis, and
textiles sector was amongst the
worst hit. However these adverse
economic conditions appeared to
have abated somewhat since 2010
with the USA, the single largest
importer of textiles and clothing
items, observing a positive growth
of 14.22% and 17.03% in its import
of T&C from the world and India
respectively during the calendar
year 2010. This trend has continued
during 2011 when USA observed
a positive growth of 8.90% and
10.32% in its imports of T&C from the
world and India respectively. Almost
all major T&C exporting countries
showed positive trend in the US
market during the first nine month of
calendar year 2011. (Source: GTIS)
= The EU’s overall T&C import
registered a growth of 7.30% in
2008, decline of 11.87% in 2009 and
growth of 7.67% in calendar year
2010. In calendar year 2011, EU’s
overall imports of T&C have grown
by 15.38% while India recorded
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