“Indian
and Bangladeshi garment exporters have started getting better prices
now in the US. There are signs of improvement even in the retail market
of the EU, all of which indicates that garment exports are slated to
improve in the coming months,” Confederation of Indian Textile
Industries General Secretary D K Nair told PTI.”The Apparel
Export Promotion Council also expects the April export figures to show
improvement, even though the industry went through a rough time with
outbound shipments dropping 10.16 per cent to $7.92 billion in
April-January period of fiscal 2009-10 over the last one..”However, the strength of the Indian currency is a cause of concern for exporters, Nair said..”The
concern now is that of rupee exchange rates. The rupee has strengthened
to Rs 44 a dollar from Rs 52 a dollar. This is affecting exporters’
earnings,” he said..”Also cotton fibre and synthetic raw material
is becoming more expensive. Rupee strength, amid this, can be very
challenging for us, he added..”Meanwhile, the textiles ministry
has set a target of increasing India’s share in the global garment
export market to seven per cent by 2012..
Date:4/8/2010
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