Apparel Exports Slightly Up To Rs 50,862 Crore in FY 11.

India's apparel export increased marginally by 0.1 per cent at Rs 50,862 crore in FY 11 from Rs 50,813 crore in FY 10, a top industry body said today. In dollar terms, apparel exports increased by 4.23 per cent at USD 11,163 million in FY 11 as compared to USD 10,710 million in FY 10, Apparel Export Promotion Council (AEPC), the apex body of apparel exporters, said in a release here. There was a pick up in exports from November 2010. In March 2011, exports increased by 18 per cent at USD 1,209 million over the same month last year, the release said. The apparel imports of the United States, a key market, saw an increase of 16.9 per cent in February 2011 from the corresponding period of previous year and amounted to USD 11.7 billion. For the same period, US imports of apparel from India increased by 12.5 per cent to USD 586.9 million from USD 521.7 million in February 2010, it said. US imports of apparels from China saw an increase of 15.6 per cent in February 2011 over the corresponding period of last year. All other major suppliers like Vietnam, Indonesia, Bangladesh, Mexico also witnessed increase of 16.7 per cent, 17.9 per cent, 38.9 per cent, and 5.8 per cent respectively.

Source : ibnlive.in.com