India Garment Enterprises May Not Be Able To Export Targets In Fiscal Year 2011.

As the price of cotton and cotton yarn has risen sharply, the export of knitted garments has declined. Clothing enterprises in India It may not finish the export target set by the government this year.

Mr. Premal Udani, President of the India Garment Export Promotion Council (AEPC), said the India textile department set up this version. fiscal year Of Clothing export target It's 12 billion dollars. However, because of the sharp fluctuations in cotton and cotton yarn prices and low demand in the western market, the garment industry may not be able to achieve export targets this year. As the export of knitted garments has been hit hard, and the export of knitted garments is the main body of clothing export, the problem has become more complicated.

The number of knitted apparel exports could be reduced by 25%, leading to a reduction of about 10% in total clothing exports.

Despite the constant questioning, knitted garment companies can not achieve export targets because of the unsteadiness of yarn prices. Because the yarn price is out of control, knitted garment enterprises are unable to complete export orders.

The price of 40S yarn increased from 185 rupees / kg in August to 240 rupees / kg, a record high. Cotton prices soared to 44000 rupees / candy (356 kg), compared to 23000 rupees last year.

Unable to withstand the soaring price of yarn, most of the export companies in the Rupp region collapsed this year.