Categories: Life Style

India’s garment exports fall to $15.50 bn in 2019-20: TEA



India’s whole garment exports declined by four.08 per cent to ₹1,09,844 crore ($15.50 billion) in fiscal 2019-20 in comparison with ₹1,12,828 crore ($16.16 billion) within the earlier fiscal, in line with the Tiruppur Exporters’ Affiliation (TEA), which stated knitwear exports in 2019-20 fell to ₹53,199 crore ($7.51 billion) towards ₹54,692 crore ($7.82 billion) in 2018-19.

TEA president Raja M Shanmugham instructed the affiliation’s annual basic assembly not too long ago that export of textiles and textile merchandise from Tamil Nadu was price ₹50,192 crore in fiscal in 2019-20 out of whole manufactured product exports of ₹2,12,863 crore—a share of 23.6 per cent, whereas, the entire knitted clothes exports from the state was price ₹27,780 crore, having a share of 13 per cent.

Tiruppur’s knitwear exports decreased to ₹27,280 crore in 2019-20 towards ₹27,650 crore recorded in 2018-19.

Delhi, Haryana and Karnataka held the second, third and fourth place in knitwear exports, with figures of ₹5,284 crore, ₹four,227 crore and ₹2,823 crore respectively, stated a TEA press launch.

TEA expects the Tiruppur garment cluster’s exports to achieve round ₹24,000 crore within the present fiscal.

Fibre2Fashion Information Desk (DS)

India’s whole garment exports declined by four.08 per cent to ₹1,09,844 crore ($15.50 billion) in fiscal 2019-20 in comparison with ₹1,12,828 crore ($16.16 billion) within the earlier fiscal, in line with the Tiruppur Exporters’ Affiliation (TEA), which stated knitwear exports in 2019-20 fell to ₹53,199 crore ($7.51 billion) towards ₹54,692 crore ($7.82 billion) in 2018-19

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