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Apparel exports from India expected to increase

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India’s cotton and apparel exports are expected to climb by around 10 percent this year as higher wages, political instability and concerns about workplace conditions in other markets lead international buyers toward Indian exporters, industry officials said.

The rise in textile exports from India may take market share from top exporter China.

“My orders have increased by about 20 percent so far this financial year. It’s a golden period for the Indian textiles industry,” said Vijay Agarwal, chairman of Mumbai-based Creative Group, a leading clothing exporter.

Encouraged by new export orders, Agarwal is keen to expand his business by investing 2 billion rupees ($32.71 million) in the next year. The main export markets for Indian textiles at the moment are the United States and European Union.

Agarwal and other Indian exporters anticipate a rise of roughly 5 percent in global demand for textiles and apparel this year.