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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.

Bangladeshi state-owned jute mills faces sharp decline in export of jute goods

Related Keywords: demand, global market, importing countries, jute good exports, Khulna-Jessore industrial belt, Mandatory Jute Packaging Act 2010, political instability, state-owned jute mills

The State-owned jute mills of Khulna-Jessore industrial belt in Bangladesh has witnessed sharp decline in jute goods exports due to lack of demand in global market, particularly because of political instability in major importing countries.

The Jute mills registered 38.65 percent decline in export of jute goods in the just concluded fiscal compared to its preceding fiscal.

Jute mills in Khulna-Jessore registered sharp decline in export of jute goods

Related Keywords: Bangladesh jute industry, global market, jute exports, jute mills, major importing country, political instability

The state-owned jute mills in Khulna-Jessore industrial belt has registered a sharp fall in export of jute goods by 38.65 percent in the just concluded fiscal year compared to its preceding fiscal due to lack of demand in global market, over the political instability in major importing countries.
 
According to Bangladesh Jute Mills Corporation (BJMC), about 31,647-tonne jute goods was exported from nine state-run jute mills of the region till the first week of June in the fiscal 2013-14, against the export of 81,881-tonne in the fiscal 2012-13.

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