The export of textile products in the month of February declined in an y-o-y comparison. Take the example of jute manufacturing that includes floor covering. It registered a 10% decline and fell from USD 26 million to USD 23 million in previous February.
As the examples galore keep pouring in, the exception turned out to be cotton yarn, fabrics, made-ups, handloom categories in the textile sector. The other value chain, namely Man-made yarn, fabrics, made-ups category has registered a decline of 2% in February y-o-y comparison. In the previous year, the figure for February stood at USD 398 million. It has fallen by 2% to USD 388 million this February.
One other sector that reported a decline was the carpet and handicraft categories. This sector registered a 3% decline. The carpet segment exports receded from USD 114 million to USD 111 million and the corresponding figures for handicraft registered a dip from USD 156 million to USD 151 million These figures were supplied by Confederation of Indian Textile Industry and reflect on a year-on-year comparison for the month of February.
The news however, is mixed. For apparel exports the figures registered a 7% growth from USD 1.44 billion to USD 1.544 billion dollars. Overall, textiles and apparel exports in February witnessed a growth of 3% and rose from USD 2.992 billion to USD 3.094 billion. While most categories showed marginal growth the jute sector was badly hit.