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Garment exports slip 15.4 percent in first quarter

Category :India Sub Category :National,Business
2009-08-04 00:00:00
   Views : 447

New Delhi, Aug 4 - Garment exports fell 15.4 percent in the first quarter this fiscal, an industry body said Tuesday.

According to data released by the Apparel Export Promotion Council (AEPC), India exported garments worth $2.41 billion in the quarter ended June 30 as compared to $2.85 billion it earned in the like period last year.

In June, the garment exports fell 10.15 percent from $968 million to $870 million, AEPC said.

Exports of silk garments, which tumbled 29.31 percent, were the hardest hit. It went down to $82 million in the April-June quarter against $116 million in the first quarter last year.

Clothes made from man-made fibres saw their overseas sales dip 27.2 percent in the June quarter to $190 million from $261 million a year ago.

Exports of cotton garments slipped 14.13 percent to $1.86 billion, while woollen garments tumbled 7 percent to $93 million, AEPC said.




Author :Indo Asian News Service



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