Indian textile and clothing exports register positive growth.
In 2017, India remained as the world’s leading cotton yarn exporter with a global market share of 25 percentage.
Coimbatore, India-based The Southern India Mills’ Association (SIMA) released data for textile and clothing exports from India for 2017. Data showed that India’s textiles and clothing exports grew about 5.37%, which was higher than the global growth rate of 3.94 percent.
Indian textile and clothing exports reached US$ 37.4 billion in 2017 as against US$ 35.5 billion, the previous year.
While speaking with this scribe via telephone from Coimbatore today, Dr. K. Selvaraju, Secretary General of SIMA told that the future of Indian textiles sector is good amidst challenges.
Tamilnadu is strong in spinning contributing 47% of total yarn production in India. Selvaraju stated that this is also evident in the strong membership of SIMA with about 700 members representing the entire value chain from ginning to finished goods sector.
Coimbatore district in Tamilnadu has about 7.2 million ring spindles and 100,000 rotors, which are higher than those available in the northern states of Gujarat and Maharashtra. The contribution of Tiruppur and Coimbatore districts in Tamilnadu is about 70% of total cotton knitted goods production in India.
India textiles sector is heading towards value-addition, stated Selvaraju.
Seshadri Ramkumar, Texas Tech University, USA