India: Textile exports rise to $17 b in 2005-06
Catching up fast in the last six months, India's textile exports went up to $17 billion in fiscal 2005-06 from $13.50 billion in the previous financial year.
Egytex News Desk
Egytex
'' Though it was a delayed take-off after the phase-out of the WTO agreement on textile and clothing, the textile exports have caught up and investment is taking place,'' Commerce Secretary S N Menon has said. |Asian expats prefer Singapore|
After growing by a meagre five per cent in the first half of 2005-06, the textile exports shot up by an impressive 44 per cent between October 2005 and March 2006. | Go to Sify Business Home page |
Regaining confidence, exports of textile goods to the US went up by 26 per cent and the European Union by 18 per cent, the Commerce Secretary said.
Source: Sify business
From the Egytex news archive, first published on 11 April 2006. Figures and names are as reported at the time.
