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Date: 09/05/2024

Textile exports from TN dip in FY24
 
Textile exports from Tamil Nadu -- India’s top textile exporting state -- saw a slight drop to $7.1 billion in FY24 as against $7.9 billion in the previous fiscal. The share of exports from Tamil Nadu to the overall textile export value too marginally dropped to 20.78 per cent against 22.58 per cent in the previous year, according to government data. Within total textile exports from the state, readymade garments were valued at $4.69 billion, cotton yarn/fabrics/made-ups, handloom products $2.06 billion, man-made yarn/fabrics/made-ups $286 million, handicrafts excluding handmade $89.20 million, carpets $19.17 million, and carpet jute manufacturing, including floor covering $5.85 million. For Tamil Nadu, the decline has been a very marginal 2.2 per cent lower than the overall drop in textile exports. The main reason attributed to the decline is the high raw material prices in the initial months of the previous fiscal year, as per a report.
 
source: Exim News Service: Chennai, May 8



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