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Monday, 31 August 2020

Interesting observation of Niti Aayog’s Export Preparedness Index!

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The NITI (National Institution for Transforming India) Aayog has come up with Export Preparedness Index 2020 and it has some interesting observations about various states’ apparel and textile industry.

The report also presents an assessment of export potential and performance of states, which is based on factors including policies, business and export ecosystem.

The overall ranking is as follows (mentioned prominent garment manufacturing states only):

Rank State Export Preparedness
1 Gujarat 75.19
2 Maharashtra 75.14
3 Tamil Nadu 64.93
4 Rajasthan 62.59
7 Haryana 56.03
9 Karnataka 55.17
11 Uttar Pradesh 53.67
15 Delhi 45.80
18 Punjab 39.63

As per the index, textile products contribute around 6 per cent in Delhi’s total export as the national capital exported tees to 113 countries, worth US $ 181.42 million. Dresses of synthetic fibres and garments of MMF are also major export items from Delhi.

Karnataka exported men’s or boy’s shirts of cotton (HSN Code 62052000) worth US $ 423.70 million, which is 2.4 per cent of the state’s total export.

Interestingly, Tamil Nadu exported T-shirts, etc., of cotton (HSN Code 61091000) worth US $ 1087.36 to 161 countries, which is 3.6 per cent of the total export of the state.

With regard to Gujarat, Indian cotton of staple length 28.5 mm (1.4/32) and above but below 34.5 mm is the most exported product in textile product categories as the state exported the same of US $ 920 million to 30 countries.

Dadra & Nagar Haveli has exported textured yarn of polyesters (HSN Code 54023300) worth US $ 455.85 million to 79 countries. It is 21.3 per cent of the total export of this union territory.

T-shirts of cotton (HSN Code 61091000) contribute 15 per cent in overall export of Andaman & Nicobar. The state exported the same of US $ 0.60 million to the three countries.

Similarly, other garments of cotton (HSN Code 61142000) also contribute 2.1 per cent though its total value is only US $ 0.8 million.

Andhra Pradesh leaves room for major improvements. It might have an enabling business infrastructure, but the state does not have a proper export ecosystem in the place. It is yet to have a policy mechanism in place and hence has scored below par overall.

“It is hoped that the detailed insights from this Index will guide all stakeholders towards strengthening the export ecosystem at both the national and sub-national levels. This will help India increase its share in global trade from the 1.7 per cent in 2018 to at least 5 per cent in this decade,” said Dr. Rajiv Kumar, Vice-Chairman, NITI Aayog.

Source : https://in.apparelresources.com/