Posts Tagged ‘textile exports’

Frbiz.com reports China Textile Association forecast next year’s textile export status

October 27, China Textile Industry Association, Gao Yong, vice president of the monthly observations in the economic forum, presented in 2009 the textile industry since the export situation, even though the first 8 months of 2009 exports of the textile industry fell 1.78%, but in the main market share of trading partners are still on the rise, and for next year’s exports of textile industry, high-Yong is expected to be flat with 2009.

Gao Yong said that, 09 years since the financial crisis and economic crisis, the textile exports fall. 1-8 months, the textile industry export value of 107.5 billion U.S. dollars, an increase of -1.78%. Nevertheless, Chinese textiles in the United States, the European Union and Japan, the three major trading partners, market share is rising.

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Apparels and Textiles, Made-in-India Exported to 100 countries

Old is gold, they say. This cliché is well suited to our Indian textile and garment industry. One of the oldest still counted among the best in many areas of the country, the industry has developed into one of the largest foreign exchange earning sectors of the country.

Today, the Indian textile and clothing account for about 4 percent of gross domestic product (GDP), 14 percent of industrial production and more than 13% of its total export earnings. In fact, the industry experienced unprecedented growth, providing employment opportunities to more than 35 million people.

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Bright Future for Indian Textile Industry

Introduction


The textile industry in India is substantial, and largely diversified. It is hard to cover all its aspects even within hour-long presentation, however, research team of Fibre2fashion.com has attempted to gather significant pieces of massively complicated puzzle of this industry.


The Indian textile industry roots thousands of years back. After, the European industry insurrection, Indian textile sector also witnessed considerable development in industrial aspects. Textile industry plays an important role in the terms of revenue generation in Indian economy. The significance of the textile industry is also due to its contribution in the industrial production, employment. Currently, it is the second largest employment provider after agriculture and provides employment to more than 30mn people.

» Read more: Bright Future for Indian Textile Industry