Similarly, according to the data, exports of manmade yarn and fabric also declined in March by 24.7 per cent to $201 million from $267 million in the year-ago period. However, during the fiscal 2008-09, manmade yarn and fabrics exports registered a growth rate of 3.6 per cent to $3 billion from $2.90 billion in the previous financial year. ..
“Industry experts said that the major markets of India’s yarn and fabric – the US and Europe – are reeling under the impact of global recession. Meanwhile, the country has imposed anti-dumping duty on import of yarn and fabric to guard domestic industries from the surge in cheap Chinese imports. – PTI .
Date:6/29/2009
Source:Hindu