Imports of textile products are growing furiously, though the overall figure is unlikely to cross the US billion-dollar mark in fiscal 2001-02. Preliminary figures available show that in the first half of the fiscal year, April-September 2001, imports of cotton yarn and fabrics have grown 52% while imports of ready-made garments were up 176%.
The industry says imports from Korea, Taiwan, China and Nepal in particular are growing at a very fast pace. Imports from Nepal grew as much as 95% in the first half of the current fiscal year.
Interestingly, the traditional synthetic yarns and fibers account for a very small part of imports now. Indian apparel firms are increasingly looking at overseas sourcing of fabrics while processors are examining the feasibility of importing gray fabrics. Similarly, weavers and knitters are open to importing yarn.
India produces nearly 35 billion square meters of cloth a year now, besides exporting around 550-600 million kg of spun yarn. Thus, the share of imports is still far too low and there is enormous potential that overseas suppliers need to tap.
Комментариев нет:
Отправить комментарий