India trail B'desh in apparel, textile exports
New Delhi, July 5 (bdnews24.com)--Bangladesh's textile and apparel exporters are giving a tough competition to their Indian counterparts in both the United States and European Union.
A report by the Federation of Indian Chambers of Commerce and Industries (FICCI) showed that India's textile exporters were experiencing harder competitions from those from Bangladesh in the US market.
It revealed that Bangladesh's apparel exporters were doing better than Indians in the EU markets and the gap had widened.
Bangladesh witnessed a positive growth of 3.6 percent in its apparel exports to the EU market in 2009, while all its major competitors like China, Turkey and India experienced negative growth.
The EU and US are the major destinations of textiles from both Bangladesh and India. They together account for around two thirds of the textiles and apparel exports from India.
The FICCI, a national organisation of trade bodies from across India, on Monday released a report analysing the country's textiles and apparel exports to the US and EU markets.
The report revealed that Indian textiles and apparel exports to US and EU had slowed down at almost the same rate in 2009, but competition seemed to be harder for Indian textile exporters in US market as compared to EU market.
It noted that Bangladesh – in addition to China, Indonesia and Vietnam – had managed to perform better than India in US market despite recession in 2009.
India's textile minister Dayanidhi Maran said that the government would lay special emphasis on modernising technology to make the country able to meet the challenges in the global textile and apparel markets.
"Modernising technology and production processes is the key to remain competitive in the globalised textile industry and trade environment," said Maran, after inaugurating an Indian Rupees 250 crore Integrated Textile Park in Dodballapur near southern Indian city of Bangalore.
The FICCI analysis had noted that India's exports of textiles and apparel had witnessed a negative growth of around 11 percent to US and EU in 2009, but still managed to increase its share by 0.17 percent in both the markets.
However, the FICCI observed that imports of textiles from Bangladesh and other countries like Indonesia and Vietnam had witnessed smaller decline than India in the US market.
Bangladesh, Vietnam and Indonesia had seen slightly higher increase in their shares in US textiles and clothing market in the recession year 2009 over 2008.
According to the FICCI report; the share of Bangladesh, Indonesia, Vietnam and China increased by 0.5, 0.4, 0.67 and 4.3 percentage points respectively in US imports in 2009 as compared to 0.17 percentage points for India. In fact, in 2009, Vietnam managed to surpass India in terms of share in US imports of textiles and apparels.
The apex trade body observed that India's textiles and apparel exports to the US grew by 4.2 percent per annum between 2004 and 2009; while those of Bangladesh witnessed a growth of 11.5 percent. China, Vietnam and Indonesia registered a growth of 15.3 percent, 14.5 percent and 8.9 percent respectively in textile and apparel exports to the US.
India's share in EU market of apparel increased from 6.8 percent to 7.2 percent while that of Bangladesh increased from 7.5 percent to 8.9 percent. China's share in EU's apparel imports from third countries increased from 42.7 percent to 44.7 percent but that of Turkey fell slightly from 12.7 percent to 12.2 percent.
In textiles, India's exports to EU witnessed higher fall than that from countries like China, Turkey and Pakistan. India's textiles exports to EU fell by 15.7 percent as compared to 12.9 percent, 15.3 percent and 9.8 percent fall witnessed by China, Turkey, and Pakistan's textiles exports to EU in 2009 as compared to 2008, noted FICCI. While Pakistan's share in EU textile market increased slightly but share of India, China and Turkey decreased in 2009 compared with 2008.
The FICCI analysis revealed that the share of Bangladesh in EU's imports of apparels in 2005 had been almost equal to that of India (around 6.2 percent). In 2008, the share of Bangladesh had been 7.5 percent and India's share had been 6.8 percent in EU's imports of apparels – a difference of just 0.7 percentage points.
But, in 2009, the gap had further widened with the share of Bangladesh being 8.9 percent and that of India 7.2% - a difference of 1.7 percentage points, the report stated.
The Indian government's Scheme for Integrated Textile Parks (SITP) is intended to assist the textiles industry in the development of need-based and self-sufficient infrastructure. Under the SITP scheme, the government had sanctioned 40 parks throughout the country and the one Maran inaugurated in Dodballapur was one of them.
"Twenty one parks are operational and the remaining will start production soon, he said. On completion, all these parks will have an investment of Rs 20,000 crore. There has been a huge demand for these parks and the government is now actively considering setting up few more shortly," said Maran.
bdnews24.com/corr/bd/1523h
A report by the Federation of Indian Chambers of Commerce and Industries (FICCI) showed that India's textile exporters were experiencing harder competitions from those from Bangladesh in the US market.
It revealed that Bangladesh's apparel exporters were doing better than Indians in the EU markets and the gap had widened.
Bangladesh witnessed a positive growth of 3.6 percent in its apparel exports to the EU market in 2009, while all its major competitors like China, Turkey and India experienced negative growth.
The EU and US are the major destinations of textiles from both Bangladesh and India. They together account for around two thirds of the textiles and apparel exports from India.
The FICCI, a national organisation of trade bodies from across India, on Monday released a report analysing the country's textiles and apparel exports to the US and EU markets.
The report revealed that Indian textiles and apparel exports to US and EU had slowed down at almost the same rate in 2009, but competition seemed to be harder for Indian textile exporters in US market as compared to EU market.
It noted that Bangladesh – in addition to China, Indonesia and Vietnam – had managed to perform better than India in US market despite recession in 2009.
India's textile minister Dayanidhi Maran said that the government would lay special emphasis on modernising technology to make the country able to meet the challenges in the global textile and apparel markets.
"Modernising technology and production processes is the key to remain competitive in the globalised textile industry and trade environment," said Maran, after inaugurating an Indian Rupees 250 crore Integrated Textile Park in Dodballapur near southern Indian city of Bangalore.
The FICCI analysis had noted that India's exports of textiles and apparel had witnessed a negative growth of around 11 percent to US and EU in 2009, but still managed to increase its share by 0.17 percent in both the markets.
However, the FICCI observed that imports of textiles from Bangladesh and other countries like Indonesia and Vietnam had witnessed smaller decline than India in the US market.
Bangladesh, Vietnam and Indonesia had seen slightly higher increase in their shares in US textiles and clothing market in the recession year 2009 over 2008.
According to the FICCI report; the share of Bangladesh, Indonesia, Vietnam and China increased by 0.5, 0.4, 0.67 and 4.3 percentage points respectively in US imports in 2009 as compared to 0.17 percentage points for India. In fact, in 2009, Vietnam managed to surpass India in terms of share in US imports of textiles and apparels.
The apex trade body observed that India's textiles and apparel exports to the US grew by 4.2 percent per annum between 2004 and 2009; while those of Bangladesh witnessed a growth of 11.5 percent. China, Vietnam and Indonesia registered a growth of 15.3 percent, 14.5 percent and 8.9 percent respectively in textile and apparel exports to the US.
India's share in EU market of apparel increased from 6.8 percent to 7.2 percent while that of Bangladesh increased from 7.5 percent to 8.9 percent. China's share in EU's apparel imports from third countries increased from 42.7 percent to 44.7 percent but that of Turkey fell slightly from 12.7 percent to 12.2 percent.
In textiles, India's exports to EU witnessed higher fall than that from countries like China, Turkey and Pakistan. India's textiles exports to EU fell by 15.7 percent as compared to 12.9 percent, 15.3 percent and 9.8 percent fall witnessed by China, Turkey, and Pakistan's textiles exports to EU in 2009 as compared to 2008, noted FICCI. While Pakistan's share in EU textile market increased slightly but share of India, China and Turkey decreased in 2009 compared with 2008.
The FICCI analysis revealed that the share of Bangladesh in EU's imports of apparels in 2005 had been almost equal to that of India (around 6.2 percent). In 2008, the share of Bangladesh had been 7.5 percent and India's share had been 6.8 percent in EU's imports of apparels – a difference of just 0.7 percentage points.
But, in 2009, the gap had further widened with the share of Bangladesh being 8.9 percent and that of India 7.2% - a difference of 1.7 percentage points, the report stated.
The Indian government's Scheme for Integrated Textile Parks (SITP) is intended to assist the textiles industry in the development of need-based and self-sufficient infrastructure. Under the SITP scheme, the government had sanctioned 40 parks throughout the country and the one Maran inaugurated in Dodballapur was one of them.
"Twenty one parks are operational and the remaining will start production soon, he said. On completion, all these parks will have an investment of Rs 20,000 crore. There has been a huge demand for these parks and the government is now actively considering setting up few more shortly," said Maran.
bdnews24.com/corr/bd/1523h
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