India's Garment Exports up 24.93% in September 2017

The exports of readymade garments from India in September 2017 was recorded at Rs 10,707 crore, up 24.93 per cent over exports of Rs 8,570 crore in the same month of previous year, according to the trade data compiled by Indian Texpreneurs Federation (ITF). The rise in exports is a boost to the domestic manufacturing value chain of textiles.

The growth in apparel exports was observed after a decline for two months. The robust retail sales in the festive season will also increase the domestic market demand in the entire manufacturing value chain, according to ITF analysis. The association is hoping to achieve the growth target in the remaining months of 2017 with improvement in volume of exports and domestic demand.

During the month, exports of man-made fibre (MMF) textiles, including yarn, fabrics, and made-ups, also witnessed a plunge of 20.49 per cent. The exports totaled to Rs 2,996 crore as against the exports of Rs 2,487 crore in September 2016.

For the reported period, the exports of cotton textiles were worth Rs 5,911 crore, up 11.23 per cent as compared to Rs 5,315 crore for the same period in the previous year. "The exports of cotton textiles are increasing consistently and we expect similar performance jump in October 2017," said ITF.