Textile and clothing sector exports have increased marginally to $39.2 bn in 2017-18 from $39 bn in the previous fiscal, Parliament was informed recently.On the other hand, India’s imports of textile and apparel have increased by 17 percent from $6.3 bn in 2016-17 to $7.3 bn in 2017-18, Minister of State for Textiles Ajay Tamta said in a written reply to the RajyaSabha.
He said that government has increased customs duty on different types of fabric, apparel, made-ups and carpets from 10 percent to 20 percent to curb textile and apparel imports in the country.In a separate reply, he said that the Cotton Advisory Board (CAB) has estimated the cotton production for the current cotton season 2017-18 (October 2017 to September 2018) at 370 lakh bales.
“From October 2017 to April 2018, the total amount of cotton exported from India was 51.21 lakh bales,” he said adding CAB has estimated that during the current cotton season 2017-18, the export of cotton is likely to increase by 20 percent over last year and is expected to touch 70 lakh bales by September this year.”Domestic prices of cotton are ruling below the international cotton prices,” he added.
