INDIA: Surge In US Orders Boosts Garment Exports
India's exports of ready-made garments to quota countries soared 16 per cent last month to $331.9 million from $285.5m in 2001 amid a sharp upswing in US orders, new figures revealed on Tuesday.
According to the Apparel Export Promotion Council (AEPC), in quantity terms exports of ready-made garments jumped 15.3 per cent in August to 81.9 million pieces from 71 million pieces in 2001.
Exports to the US jumped 42 per cent in terms of quantity and 21.5 per cent in terms of value, while exports to Canada increased 4.5 per cent in quantity terms and 1.3 per cent in value terms.
AEPC said European orders also picked up last month with exports up two per cent in terms of quantity but 11 per cent ahead in value terms.
It added ready-made garment exports to quota nations for the first five months of fiscal 2003 jumped almost 10 per cent in terms of quantity and 11.6 per cent in terms of value, compared to the prior year.
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