India's apparel exports jump near 25 pct in May
India's apparel exports jumped by 24.96 percent to 1.49 billion U.S. dollars in May because of demand from Latin America, West Asia, Southern Africa and East Asia, the Apparel Export Promotion Council (AEPC) said Thursday.
The value of apparel exports in the first two months of the current fiscal stood at 2.81 billion U.S. dollars, which is 20 percent higher than the corresponding period of last fiscal.
Some problems related to the garment industry in the major competing countries like China and Bangladesh helped Indian exports, said AEPC officials.
China's garment industry faces serious labor problem, while Myanmar and Bangladesh are facing the problem of non-compliance for the large number of factories, they said.
