M. Soundariya Preetha
COIMBATORE: Textile exports between January and December this year is likely to be higher than last year by 8-10 per cent, according to J. N. Singh, Joint Secretary of the Union Ministry of Textiles.
He told The Hindu that from January to June this year exports had gone up by 14 per cent in terms of value.
However, there was a slight dip in August-September.
With commodity prices (cotton, polyester and viscose) having declined by 20-25 per cent now in the domestic market compared to last year and the dollar appreciating against the rupee, export performance between January and December this year was expected to be more than last year.
Among the top 25 textile exporting countries in the world, just four or five were doing better than last year.
Mr. Singh pointed out that international and domestic demand was low. Exporters were seeking a revision in the duty drawback rates by enhancing the current rates. The expert committee on duty drawback which was studying this demand would meet exporters this month.