India'S 2% Key Market Plan Helps Stabilize Clothing Exports
Data show that India
clothing
Exports fell by 2% in April 2010 -2011 in February.
After the government launched the 2% key market plan, clothing
Exit
It seems to have benefited, especially for
European Union
and
U.S.A
Export of the market.
Data released by the garment export promotion council (AEPC) show that the troubled garment export industry has declined most of the time in 2010, but so far, exports seem to have stabilized.
Data show that between April 2010 and February 2011, clothing exports fell by 2.25%.
In April 2010 -2011 February, exports of clothing were 450 billion 810 million rupees, compared with 461 billion 200 million rupees last year.
However, the 2% key market plan dominated by the European Union market (2010-11 years) and the US market (April 2010 -2010 September 30th) has led to a modest increase in clothing exports, although this is a turbulent period.
Mr. Premal Udani, chairman of the garment export promotion committee, said that the plan did help the garment exporters.
He suggested that the 2% key market plan be extended for one year (for example, extended to 2011-12) to promote exports and maintain the largest employment rate in the garment industry.
From January 2010 to October 2010, India's total exports to EU countries decreased by 5.3%.
India's competitive countries, such as Sri Lanka, Bangladesh and China, have increased 2.98%, 0.52%, 1.66% of exports to EU countries. Therefore, India apparel also highly hopes to implement the India EU free trade agreement as soon as possible.
He said that the development of India's garment industry is not only conducive to the export of the country, but also created millions of much-needed jobs for India.
The clothing industry is still the second largest job creation industry in India, and has the ability to absorb many workers from the countryside.
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