The Hindu Business Line : Chinese garments imports surge 92%

Chinese ready-made garments have clocked a 92 per cent surge in imports into India during the first eleven months of the last fiscal. Pakistan, Nepal and Bangladesh have moved in to the second slot in key import segments such as cotton yarn and fabrics, readymade garments and home textiles.

In case of imports of readymade garments, Chinese imports shot up 91.77 per cent during April-February 2006-07, according to latest Directorate General of Commercial Intelligence and Statistics figures. Nepal, which incidentally does not have much of a textile industry of its own, came in second to China in terms of total import volumes in this segment, recording a 9 per cent growth during the same period.

According to garment industry players, the surge in the imports of finished products such as ready made garments has been egged on by the appreciating rupee, making imports into India more competitive for countries, where currencies have not been hardening as much.

China accounted for 28 per cent of total imports into India in the readymade garments segment during the eleven-month period.

Nepal’s imports into India, which according to industry insiders is mainly Chinese origin items, accounted for 13.13 per cent of the garments imports.

Pakistan has seen a big surge in the cotton yarn and fabric textile, with imports into India shooting up 81 per cent in this segment during the eleven month period.

China, accounted for 49 per cent of the total share of imports in this segment during the period, while Pakistan, at the second slot, accounted for 15 per cent of overall imports in this segment.

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