Textile exports fell 13 per cent year-on-year (y-o-y) to Rs. 9,704 cr in January on the back of a sharp slide in cotton textile exports. Cumulative exports of textile and apparel products dropped 4 per cent y-o-y to RS. 1.87 lakh cr in April-January 2018. While cotton textile exports declined 1 per cent y-o-y to Rs. 53,818 cr during the timeframe, apparel exports decreased 5 per cent y-o-y to Rs. 88,709 cr, data sourced by Confederation of Indian Textile Industry (CITI) showed. “The share of textile and apparel exports (in overall exports) has also declined from 14 per cent to 12 per cent in January 2018 as compared to the corresponding period the previous year,” said Sanjay Jain, Chairman, CITI. “One of the key factors for decline in exports is embedded duties, which are more than 5 per cent, and the same is not getting refunded at any stage,” he stated.

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