India's textile export growth beats China's

In first quarter of the calender year 2006, Indian textile export industry showed a tremendous growth compared to China.

India took an advantage of restrictions for export over China.

India's export growth was 13 per cent while China's growth with restriction was 10 per cent in the first quarter of the current year, said Shankersinh Vaghela, Union textile minister during a press conference on Monday.

He further said China's export can not increase more than 10 per cent due to WTO's restriction on dumping the garment in the international market.

"But the journey very long. The 10 per cent growth of China's production will be more than six times as compared to 13 per cent of India's production," said Vaghela.

However, India has started with a mere growth, and will have to cross a big figure, he added.

"India's export had increased by 26 per cent in America and 18 per cent in Europe respectively in the previous year. But China's export must have gone up by more than 50 per cent in America and 40 per cent in Europe, respectively," said Vaghela.

Talking to Business Standard, Nayan Parikh, chairman of Indian Textile Committee, said, " The restrictions over China will continue only till March 2008 and within that period, the Indian textile industry will have work hard and need to increase the production of garment to increase the export."

Similarly, Sunil Parekh, advisor of Crisil, said," It was abvious as the China's export is restricted.

But still the size of export from China is much big than India's export." He added that India will have to increase the pace.