11 SEP, 2012, 05.30PM IST–AHMEDABAD: Revising apparel export targets to $18 billion for this fiscal from $17 billion, the current $13.6 billion apparel exporting industry is looking at Israel for support. India’s exports to that market grew over 80% in 2011 over 2010.
Israel’s total apparel imports stood at $1278 mn in 2011, a 20% jump over 2010. However, its imports from India jumped more than 80% during the period at $34 mn. India exported apparel worth $19 mn to Israel in 2010. India’s share in Israel’s basket grew over 50% to 2.7% in 2011 over 1.8% in 2010.
“Israel was not affected with any of the economic crisis in decades and we have found the availability of a huge market potential which has to be tapped properly to place our mark in Israel,” said chairperson of the apex body of Indian apparel exporters – the apparel Export Promotion Council and the Tirupur Exporters’ Association A Sakthivel…Read More>>