India’s textile and apparel exports have been declining since past many months. Apparel Resources have even time and again covered such news. Interestingly, The Southern India Mills’ Association (SIMA) issued a statement recently which claims that the country’s textile market is ‘firming up’ post-demonetisation and -GST roll-out.
To show growth, the textile trade association puts forth the figures of 5.37% growth in 2017 as against the global export growth of 3.94%. It even states that textile and apparel exports reached US $ 37.4 billion in 2017 as against US $ 35.5 billion in 2016. Furthermore, yarns, fabrics and made-ups exports jumped 7.82% and the garment exports increased by 2.82% during 2017.
SIMA release mentions that cotton yarn, fabrics, made-ups and handloom exports increased by 18% and manmade textiles witnessed a 4.35% growth rate in April 2018, although exports of readymade garments (of all textiles) tumbled 21.4%.
The association also said that domestic yarn market is improving and the unsold stock is quite less at present, which shows surge in demand.
On the similar lines, Prabhu Damodaran, Convenor, Indian Texpreneurs Federation (ITF), apprised us that the domestic yarn market has improved and exports are increasing but there has been a decline in the recent times, too. “The Government must take initiatives to discover the untapped textile markets which will help ‘stabilise’ the industry. We would also like to see some encouragement from the Government and efforts to promote us in the global market,” he added.
Additionally, the demand to release ROSL benefits and GST refund continues to roar. SIMA too voiced for the same (including TUF subsidies), to further strengthen the textile industry, in its recent statement.
However, Apparel Resources posted news on the declining exports from India over months. Any update on the positive inclination is yet to be observed. We will soon share the numbers on exports, as and when arrived.
Bharat Tex Special Report 2026 
