Manmade fibre textile export up 35% in Apr-Jul 08

Written by Commodities Bureau | Mumbai, Sep 29 | Updated: Sep 30 2008, 07:39am hrs
Exports of manmade-fibre (MMF) textiles from the country during the first four months (April-July) of the current financial year (2008-09) continued to indicate positive trends. Exports amounted to Rs 4,612 crore, registering a growth of over 35% in rupee terms, as compared with the exports during April-July 2007. The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) is an apex organisation set up by the government of India to promote exports of Indian synthetic and rayon textile goods.

The growth posted in export of fabrics during April-July 2008 was remarkable as it went up by over 70% and that of fibre by over 34%. However, the exports of value-added items like made-ups, increased by only 12% and that of yarn nearly 9%, according to Sanjeev Saran, chairman, SRTEPC, said.

Exports of mmf textiles touched Rs 12,624 crore in 2007-08; showing a growth of over 16% compared to the previous financial year. It has been accomplished in the face of a sharp appreciation of the rupee, spiraling oil prices and raw material costs amongst others.