Covid-19 wipes out India’s yarn and garment exports in April, Retail News, ET Retail

Mumbai: The Indian textile business took a critical hit due to Covid-19 as the export of yarn and all set-produced clothes fell be as a great deal as 90% for the duration of April, proposed just one report.

Yarn exports fell concerning eighty-90% in April and about 30% for the duration of the quarter finished March as imports by China, which accounts for a 3rd of India’s yarn exports fell as garment units there shuttered. Imports by Bangladesh, which accounts for approximately a fifth of India’s yarn exports, also declined, in accordance to a Crisil Exploration report.

Meanwhile, the export of all set-produced clothes declined by ninety one% in April and by about 16% for the duration of the March quarter. The US and the European Union, which together account for sixty four% of India’s readymade garment (RMG) exports, are staring at a recession.

In its 18 Could version, ET

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AEPC identifies top 10 product lines to enhance apparel exports, Retail News, ET Retail

NEW DELHI: The Attire Export Marketing Council (AEPC) on Thursday claimed it has determined leading ten products traces in four regions with significant Chinese exports.

Jerseys, pullovers, cardigans, waistcoats made of cotton/ male-made fibres (MMF), trousers, shorts made of cotton/ artificial fibres, hosiery, T-shirts, singlet and tracksuits are the leading ten Chinese products exported to the US exactly where India also has a existence.

“Of the $two.4 billion apparel current market vacated by China in the US, India has captured a mere $237 million, or fewer than ten%,” claimed AEPC chairman A Sakthivel, including that India has a great likely in seven of the ten products traces.

Equally, the council has determined Chinese apparel exports to European Union, Japan and South Korea, and highlighted the products traces exactly where India has the likely to make a mark.

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