INDIA: Ready Made Garment Exports Plummet
Exports of ready made garments continued to decline for the second month of 2001, decreasing by 25.7 per cent in terms of quantity at 119.1 million pieces, and 28.18 per cent in terms of value at Rs 2,031.78 crore. According to the data compiled by the Apparel Export Promotion Council (AEPC), exports of non-restrained items and items outside the bilateral agreement (OBA) have registered a decrease of 47.65 per cent and 56.45 per cent in terms of quantity and value respectively.
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