In Fiscal Year 2012, Exports Of Garments And Garments In India Decreased By 10% Over The Previous Year.

In fiscal year 2012, India's domestic Garments and garments The market grew by only 5%, to 1 trillion and 100 billion rupees, mainly due to poor export performance.

In the previous fiscal year, garments and clothing exports in India increased by 15%.

India Garment manufacturing Mehta, President of the CMAI, said in a statement: "the price of the domestic sewing garment market is 1 trillion and 100 billion rupees, and the market of the UN sewn clothing market is 400 billion rupees. A few years ago, the growth rate was 15%, while in the 2012 fiscal year, the growth rate dropped to 5%.

Mehta will Exit The decline was attributed to the recession in the US and Europe, and 70% of India's organized garments and garments were exported to these two markets. Free imports from Bangladesh and other countries have also affected the growth of India's domestic garment industry.

Despite these negative factors, the weakness of the rupee in India and the extension of interest rate subsidies, focusing on the extension of the product plan for a year, will help exports, Mehta said.

Last year, India exported about 700 billion rupees to the world market.

Taking into account the growth trend recovery, the India Garment Manufacturers Association began organizing the fifty-fifth international clothing exhibition in July 9th, the lowest trade show in India's domestic market. The exhibition is expected to attract a record 400 exhibition units, representing 450 brands, covering an area of 350 thousand square feet.