India: Apparel exports up by 1.66% in February

Apparel Export Promotion Council (AEPC), the apex body of apparel exporters in India has compiled data which reflected that apparel exports increases by 1.66 percent in February 2011. 

Apparel exports had followed the previous month trend and exports increased by 1.6 per cent from previous month and totaled US$ 1163 million in Feb. 2011. Increase in the exports from the previous FY of same month has been quite substantial and reached at 23.99 per cent; however, cumulative figure for April- Feb. 2011 rose by 2.04 per cent in dollar terms. Cumulative figure for April-Feb. 2011 stood US$ 9883 million.

In rupee terms, the exports have increased by 21.58 percent in February 2010-11 over the same month of previous FY. There was substantial increase in exports from previous month of this FY. In rupee terms, the cumulative figure of export for April- February 2010-11 was Rs. 45081 Crores.

As per OTEXA, the dollar per square meter equivalent (SME) saw a rise for almost all garment supplier countries in January to December this year by 16.8 percent. The increase in unit value per SME was by 2.4 percent for India, while 1.18 percent, 2.15 percent and 2.87 percent of China, Vietnam, and Indonesia has declined respectively.