Apparel exports decline by 13%

摘要

Apparel exports declined around 13 per cent to $8.79 billion in the first 11 months of 2009-2010, primarily due to significant increase in raw material cost during the year which led to loss of orders.rnThe apparel industry had been reeling for the past two years due to the global economic downturn which led to rapid reduction in orders from developed markets, exchange rate fluc-rntuations and, currently, due to unprecedented rise in raw material cost.