India’s apparel exports have grown by 44 per cent during April 2021 to October 2021. In fact, shipments have grown to double digit in the past two months. With peak season approaching, India has the opportunity to leverage the good global demand and order position and meet the $20.03 billion export target for 2021-22.

However, the Indian apparel industry has been impacted by the steep rise in cotton yarn and fabric prices. Apparel Exports Promotion Council (AEPC) chairman A Sakthivel feels the recent growth in apparel exports would be impaired if the runaway rise in yarn and cotton prices are not curbed. The industry fears if measures are not taken to rein in the rise in raw material prices there could be shortages as early as February and March next year.

Apart from the uncertainties caused by cotton yarn prices, the industry is also facing growing input cost pressures on other fronts. The rise in cotton yarn and fabrics prices has started impacting the entire value chain. Add to this are the volatile crude oil prices, logistics costs, coal prices, prices of dyes and chemicals etc which have impacted costing of apparels considerably. Because of this, exporters are not being able to service existing orders and finding it difficult to take new orders. The industry has urged quantitative restrictions on export of cotton and cotton yarn to bring down the galloping prices.

By Fashionating World
https://www.fashionatingworld.com/new1-2/india-s-apparel-exports-up-44-per-cent-cotton-yarn-price-impacting-growth