The Hindu Business Line : Q1 textile exports up 25 pc

Following the appreciable spurt registered last fiscal, which was the first year of removal of quota regime governing global trade in textiles and clothing, textile exports have continued the buoyant growth in the first quarter of the current fiscal too by logging close to 25 per cent growth in rupee terms.

Available official figures based on raw data, with provisional figures of trade data for 2005-06, show that overall textile exports fetched Rs 21,069 crore (Rs 16,917 crore).

The apparel garment segment, comprising articles of apparel and clothing accessories, knitted or crocheted as also not knitted or crocheted earned Rs 10,225.72 crore (Rs 8,366.66 crore).

The readymade garment (RMG) segment, accounting for the dominant chunk of total textile exports, did exceedingly well in 2005-06, fetching Rs 34,324.32 crore compared to Rs 27,069.08 crore in 2004-05, clocking growth of close to 27 per cent.

During 2005-06, export of cotton textiles grew 25 per cent to Rs 19,893.85 crore (Rs 15,924.43 crore).

While exports of wool and woollen textiles fetched Rs 2,098.26 crore (Rs 1,874.06 crore), growing 11.96 per cent, exports of silk earned Rs 3,063.13 crore (Rs 2,671.46 crore), posting growth of 15 per cent.

Exports of jute goods grew modestly by 5.08 per cent to Rs 1,304.36 crore (Rs 1,241.25 crore).

In dollar terms, according to provisional figures furnished by DGCI&S, textile exports in 2005-06 yielded $17 billion; the European Union and the US accounted for nearly two-thirds of the overall figure.

The US trade data show that textile imports from India into the US logged 26 per cent growth, while the EU trade data show 18 per cent growth in imports from India into the 25-member EU bloc.

Textile Ministry officials said that as a result of policy support measures during the last two years, the investment in the sector has been 105 per cent more in 2005-06 compared to the previous year.

For instance, they said, the Scheme for Integrated Textile Parks (SITP) is likely to give a further boost to the positive investment milieu by attracting investments of about Rs 18,500 crore and ensuring 5,00,000 jobs.

Some 2,219 entrepreneurs are likely to put up their units in 26 projects, including 17 projects approved by the Project Approval Committee in its fourth meeting held on July 1, 2006.

The estimated investment in these parks is Rs 13,445 crore and estimated annual production, about Rs 19,200 crore.

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