to the Annual Report 2016-17 of the Ministry of Textiles,
Indian textile sector registered $194 million FDI inflows in
2013-14, that has trebled in the fiscal year 2016-17 as the
sector managed to receive $619 million FDI inflows during this
textile firms are increasingly using North Korean factories to
take advantage of cheaper labour across the border. The clothes
made in North Korea are labelled "Made in China" and exported
across the world.
garment shipment to the US, the country's single largest export
destination, declined 7.47% year-on-year to US$ 5.2 billion in
2016-17 largely because of higher duty, longer lead-time and
4. The EU,
which is Sri Lanka's biggest export destination, absorbing 36%
of total shipments, reinstated the country into the GSP Plus
program in mid-May, removing import tariffs on more than 6,000
products, including clothing.
textile and garment export turnover has reached $12 billion this
year, representing a modest increase of 9% compared to the same
period last year. The current figure is a three-year low and
much lower than the 19% growth rate last year.
clothing market nowadays presents the rapidly expanding niche.
Big brands are trying to present their collections related to
Muslim religious observances, however, without any visible
attempts to single handily secure the Muslim customers in
Western countries leaving the space for the emerging young
designers mainly from Muslim states.
7. The export
of Indian readymade garments increased from the US US$ 16.21
billion in 2014-15 to the US $17.09 billion in 2016-17, whereas
in the same period the export of cotton textiles, man-made
textiles, silk, wool and woollen textiles, and handloom and jute
products witnessed a decline.
is cotton USA's fourth-largest market after China, Turkey and
Mexico. Sales in Indonesia range between US$300 million and $600
million a year, according to Cotton Council International (CCI).
There are more than 400 companies in Myanmar’s garment sector
which together employ over 400,000 people. These companies
together fetched export earnings of US $2.2 billion last year,
beating estimates of US $2 billion. Currently, garment exports
account for around 16% of total export earnings by Myanmar.