Home / Knowledge / News / Apparel/Garments / Govt hikes export targets by 14.2% for 2010-11
Govt hikes export targets by 14.2% for 2010-11
27
Aug '10
Government, for the existing financial year has set an export target of US $18.5 billion with a growth perspective of 14.2 percent, over the last fiscal year's export earnings.

Commerce Minister, Faruk Khan fixed this export target, while pursuing a meeting recently held at his office. Also, he was hopeful that as the world is now out of the effects of global economic crisis, the developed countries would hike their exports from Bangladesh.

During last quarter of 2009-10, there was a rise in exports and expressed optimism that exports may further get better as global crisis seems to have ended.

Also he stated that, the power and gas crisis have eased to a greater extent these days, and added that, this would help boost the production in factories and mills, thereby pushing the export volume.

Faruk, while speaking on the recent hike in the wages of the readymade garments (RMG) workers' said that, as the discord in RMG sector has eased, this would lead to augmented exports.

Exports of knitwear products have been targeted at $7.13 billion, woven garments $6.614 billion, jute and jute goods $1.115 billion, home textiles $563.5 million and leather $298 million, among many other exportable goods.

The country, during fiscal 2009-10, exported goods amounting to $16.20 billion, which is 4.11 percent above those recorded in the 2008-09 fiscal.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search