Textile Exports Rise 11 % in FY 12

摘要

Textile exports increased 11 per cent in the last financial year, despite turbulent times in major economies. While demand from the euro zone continued to be low, demand still poured in from the US and other non-traditional markets that saved the day for exporters. In 2011-12, the total export of apparel is expected to be $13 billion, compared to $11.4 billion in 2010-11, a rise of 14 per cent, according to the Apparel Export Promotion Council (AEPC). Growth in the previous financial year was six per cent. "Apparel exports have shown growth in terms of price due to the depreciation of the rupee, but the volume remained the same," said A Sakthivel, chairman of AEPC.