Related Keywords: AEPC, cheaper Chinese varieties, cotton fabrics declined more than four percent, dropped by two percent, Export of cotton based readymade goods, fall in merchandise export, hampered production of cotton goods, heavy duties on import, high price of domestic cotton, highest foreign exchange earners among textile products
Export of cotton-based readymade goods, among the highest foreign exchange earners among textile products, dropped by two percent in 2015-16, from $37.1 billion in 2014-15 to $36.2 billion; while cotton fabrics declined a little more than four percent. This was part of the larger trend of a fall in merchandise export, down for a 17th continuous month in April.
Apparel Export Promotion Council head Ashok G Rajani said that the high price of domestic cotton, coupled with heavy duties on import of cheaper Chinese varieties, have hampered production of cotton goods.
