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Cotton exports to grow by 10%: CTEPC

Insight Hits: 2300
Insight Hits: 2300

As per Siddharth Rajgopal, Executive Director, Cotton Textile Export Promotion Council (CTEPC) cotton textile exports are expected to grow by 10 per cent in the next few months to complete the year with exports matching last year’s level.

Rajgopal said, according to the quick estimates released by the Ministry of Commerce, cotton textile exports grew 8.54 per cent to $869 million in November from a year earlier. Readymade garment exports stood at $1,043 million compared with $1,056 million last November. Exports of cotton textiles in the April- November period declined 12.7 per cent. Rajagopal attributed this to the slump in exports in April and May this year.

A Sakthivel, Chairman, AEPC, said garment exports in September and October were good and in November, they were almost equal to the level seen in the year earlier period. Exporters are getting orders for medical textiles from regular markets, he added.

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