INDIA: Garment Exports Fall Amid Fierce Competition
Official figures on Monday revealed India's garment exports slipped almost three per cent in value and quantity terms in 2002. Data from the Apparel Export Promotion Council (AEPC) showed competition from China and Bangladesh was behind the fall in exports to 1.23 billion pieces valued at $4.4bn from 1.26 billion pieces valued at $4.54bn in 2001.
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