Textiles, attire exports rise to $29.8 billion throughout April-December, Retail Information, ET Retail

Textiles, apparel exports rise to $29.8 billion during April-DecemberThe nation’s exports of textiles and attire, together with handicrafts, rose to $29.8 billion throughout April-December this fiscal as in comparison with $21.2 billion in the identical interval final yr, an official assertion mentioned on Wednesday. “Textile sector has repeatedly maintained a commerce surplus with exports manifold greater than imports. In 2020-21 there was a deceleration in textile exports resulting from pandemic disrupting the provide chain and demand,” the textiles ministry mentioned.

It additional mentioned the federal government has set a goal of $44 billion for exports of textiles and attire, together with handicrafts, and 67 per cent has already been achieved.

“The final quarter of FY (fiscal yr) all the time has greater exercise than the sooner quarters. Trade is hopeful that targets shall be duly met,” it added.

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