Speed Post News Network
New Delhi :Textiles & Apparel Exports registered a 52% Growth in April – December 2021 over Corresponding Period last year (CPLY). The exports of Textiles & Apparel for the year 2018-19, 2019-20, and 2020-21 are USD 36,558 million, USD 33,379 million, and USD 29,901 million, respectively. The export of Textiles & Apparel from April – December 2021 is USD 30,449.85 million,posting an increase of 52% over the same period during 2020.
Production Linked Incentive (PLI) Scheme for Textiles has been notified with a budgetary outlay of Rs 10,683 crore to promote production of MMF Apparel, Man-Made Fibre (MMF) Fabrics, and Products of Technical Textiles in the country. The objective is to enable Textile sector to achieve size and scale and to become competitive, according to a PIB release.
This information was given by Minister of state for Textiles Darshana Jardosh in a written reply in the Lok Sabha on February 2, 2022, according to a PIB release.
Details of Textiles & Apparel exports during April-November, 2021 is as under:
USD Million
| April 2021 | 3244 |
| May 2021 | 3061 |
| June 2021 | 3053 |
| July 2021 | 3571 |
| August 2021 | 3355 |
| September 2021 | 3417 |
| October 2021 | 3410 |
| November 2021 | 3229 |
Statement on year wise FDI equity inflows for Textiles (including dyed, printed) is as under:
| Sl. No | Year | FDIin Rscrore |
| 1 | 2018-19 | 1,383.49 |
| 2 | 2019-20 | 2,276.55 |
| 3 | 2020-21 | 2,210.33 |