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INDIA’S FABRIC EXPORTS INCREASE TO 39 PER CENT

Recent monthly export data by Textilebeacon suggests, the share of fabric exports in total exports of basic textiles increased to 39 per cent in 2019-20 from 31 per cent in 2017-18. The country’s exports of basic textile products, including all types of fabrics, dropped by 39 per cent in March 2020 ending the year 2019-20 with total exports of Rs 74,400 crore.

Among fabrics, the major material to be shipped was plain cloth, while denim, shirting, suiting and saree followed at a distant. Women suits and furnishing fabrics were also among the top ten types of fabrics exported in 2019-20.

Bangladesh has been the major market for Indian fabrics over the years. In 2019-20, India exported $720 million worth of fabrics to Bangladesh. Nearly 760 million sq m of fabric was exported during the year.

Its absorption of such a large volume along with those also coming from China and other suppliers explains its robust manufacturing activity which is largely driven by garment making and export. Bangladesh is also a major market for Indian spun yarns.

The other major markets for Indian fabrics are the US, Sri Lanka and UAE, with fifth position held either by Senegal or Afghanistan.

 

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