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Related Keywords: duty free access to japan, Indian textile market, Japanese textile market, knitwear exports from India, knitwear exports to Japan, market share in textile imports, textile exports, textile imports, textile innovations, woven garments export

India’s knitwear exports have declined with a market share of a meagre 0.3 per cent of the total knitwear products imported by Japan in 2014 in spite the fact that India enjoys duty free access to Japan.

Prashant Godghate, secretary general of Japan India Industry Promotion Association (JIIPA), said that if Indian knitwear exporters want to enter the Japanese market on a large scale, then they should improve the quality of their products and display sticking to delivery schedules. Also, they should come up with innovations in order to meet the preferences of Japan, he added.

Related Keywords: Bangladesh garment industry, Dhaka, duty free access, Indian man-made textile, Indian textile market, Indian traders, Miza Azam, State minister for textile and Jute, trade deficit

Bangladesh garment industry although has duty-free access to the Indian market, it is unable to gain benefit from the facility due to non-tariff charges, said state minister for Textile and Jute Miza Azam after inaugurating a two-day Indian man-made textiles exhibition in the city.

Bangladesh has been suffering from inveterate trade deficit with India for decades and need to address the trade imbalance issue in a win-win situation.

Related Keywords: cotton yarn, cotton yarn price, demand for textile, EU market, fabric, festival season, garment making unit, Indian textile market, made-ups, SIMA

Although India saw demand for cotton yarn from China on a declining trend and the European Union market for fabrics and made-ups mired during the last four months. However, the demand for textiles would be picking up soon in India with the festival season just round the corner.
 
Drop in export demand for cotton yarn and the slowdown in the domestic market are only temporary and yarn manufacturers should not panic because of the “temporary slothfulness in the market, according to chairman of Southern India Mills’ Association (SIMA) T. Rajkumar.

Related Keywords: cotton, domestic consumption, export demand, FDI limit, garment, Indian textile market, jute, promotiona visit, raw material, silk, sourcing hub, Textile, wool

Textile & Apparel sector in India is an important contributor to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings, contributing 4% to India’s GDP in 2012, the sector has also attracted direct foreign investments worth USD 1.11 billion from April 2000 to February 2014.
 
Currently, the overall textile and apparel sector accounts for about 24% of world’s spindle capacity and 8% of global rotor capacity and is expected to touch USD 223 billion by 2021.
 

Related Keywords: Coimbatore textile manufacturers, global textile trade, Indian textile market, Kavuru Sambasiva Rao, Textile production, textile sector

Union Textile Minister Kavuru Sambasiva Rao is of the view that the current India’s annual production level of textile goods which is $90 billion is likely to increase to $220 billion by 2020 with China to divert its focus to other sectors.