In sync with the economic revival, India’s textile industry, including exports, has shown an improved performance during the April-November period of the current fiscal, Textiles Minister Dayanidhi Maran said on Wednesday.
Production of the cloth rose by 10.8 per cent, man-made fibre by 21.3 per cent and yarn 11.8 per cent, respectively in the eight-month period.
After witnessing a big decline of 21.8 per cent in the first quarter of 2009-10, due to the global economic slowdown, the textiles exports turned positive since July showing an increase of 2.92 per cent.
“Though hit by decrease in demand by the US and European Union, the Indian textiles exports showed resilience as compared to its competitors,” Maran said at a FICCI function here.