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India:Exports of garments to quota countries rise |
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2004-8-25
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Readymade garments exports to quota restricted countries during the first four months of the current fiscal registered an 8 per cent growth in volume and 12 per cent growth in value in dollar terms, compared to the corresponding period last fiscal.
Apparel Export Promotion Council (AEPC) compiled data states that exports of garments to quota countries during April to July 2004-05 stood at 422.7 million pieces valued at $1,728.6 million as compared to the same period during the last fiscal, up 7.67 per cent in quantity, and 11.71 percent in terms of value terms.
Exports to the US, the biggest market for Indian garments, during this period were 158.3 million pieces, valued at $765.7 million, an increase of 15.21 per cent in terms of volume and 12.52 per cent in terms of value compared to the previous corresponding period.
Exports to the European Union amounted to 245.8 million pieces valued at $902.2 million, showing an increase of a modest 4.29 per cent in terms of volume but a robust 12.28 per cent in terms of value.
Exports to Canada during April-July 2004 amounted to 18.8 million pieces valued at $60.7 million, showing a decrease of 4.57 per cent in terms of volume and 4.26 per cent in terms of value compared to the corresponding period in 2003. |
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