Apparel exports take a plunge

Aug 07, 2010 |

Correspondent

Garments exports declined for the second month in a row falling by 13.5 per cent to $833 million in June this year due to poor demand from the US and European markets. Garments exports were at $964 million in June 2009, according to the Apparel Export Promotion Council (AEPC). “The demand from Western markets has still not revived as there is a slow recovery in these markets,” AEPC chairman, Mr Premal Udani, said. The US and the EU account for about 80 per cent of India’s total apparel exports.

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