India Federation Of Industrial And Commercial Associations: Garment Exports Are Calm

2010/7/19 19:03:00 55

India's the Federationof Indian Chambersof Commerceand Industry (FICCI) recently released a report that India made garments.

Exporter

In the face of competition from mainland China, Indonesia, Vietnam and Bangladesh, China is losing its edge.

Exports to India in 2009

European Union

Textiles and garments in the United States account for nearly two of the total exports of textiles, but the amount is 11%.

Between 2004 and 2009, India's textile and clothing exports to the United States grew at an annual rate of only 4.2%, while that of mainland China, Vietnam, Indonesia and Bangladesh increased by 15.3%, 14.5%, 8.9% and 11.5% respectively.

The report points out that Vietnam's textile and clothing exports exceeded India in 2009.

Similarly, clothing exports to the European Union are similar. Despite the economic downturn in the European Union, the amount of India exported to Bangladesh in 2009 is still growing by 3.6%, but India, mainland China and China are failing.

According to FICCI's report, in 2005, India and Bangladesh were in the European Union.

Market share

About the same, about 6.2%, but in 2008, Bangladesh rose to 7.5%, while India grew by only 6.8%. By 2009, the gap had widen, Bangladesh's share grew to 8.9%, while India increased slightly to 7.2%.

In addition, the market share of mainland China in the EU garment imports market grew from 42.7% to 44.7%, while Turkey declined from 12.7% to 12.2%.

In terms of textiles, India exported to 15.7% of the EU in 2009, and Mainland China, Turkey and Pakistan fell 12.9%, 15.3% and 9.8% respectively.

In 2009, the market share of Pakistan's textile products in the EU grew slightly, while India, mainland China and Turkey declined.

The FICCI report puts forward proposals to revitalize the garment industry in India, including the decentralization of export markets, the merger of small and medium-sized enterprises, the production of high-tech fibers, the increase of local textile equipment and the enhancement of government support in technology.