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Indian likely to witness 10 percent growth in textiles and apparel exports this year

Related Keywords: cotton and apparel export, export order, global economic growth, higher wages, Indian textile and apparel industry, internationa buyers, larger domestic cotton supplies, political instability, stronger global demand, textile merchants

With Indian textile merchants keen to exploit rising demand stemming from weak cotton prices and global economic growth, India's cotton and apparel exports is set to climb by around 10 percent this year. Moreover, higher wages, political instability and concerns about workplace conditions in other producing market are pushing international buyers toward Indian exporters.

India’s textile exporters feel the relatively low labour costs in their country, alongside record domestic cotton production this year, should help them gain market share from other exporters in the region.

Tirupur textile export to boost further with the signing of FTA with Europe

Related Keywords: big growth, diverted from Bangladesh and China, exploit overseas orders, facing issues, FTA with europe, higher wages, knitwear exports, labour rights, political auncertainty, Tirupur textile industry, workshop safety

Tirupur, textile city of Tamil Nadu is toady poised for big growth as it looks set to exploit overseas orders that are getting diverted from Bangladesh and China, where the industry is increasingly facing issues related to workshop safety, labour rights, higher wages and political uncertainty.

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