Home / Knowledge / News / Textiles / India targets $33bn from textile exports in 2012-13
India targets $33bn from textile exports in 2012-13
13
Dec '11
The Indian Government has fixed the textiles export target for fiscal year 2012-13 at US$ 33 billion, up from current fiscal's target of US$ 28 billion, in spite of terming the current global economic uncertainty as a matter of “serious concern”.

The textiles sector has suffered a slump owing to several factors including the adverse global economic conditions, Union Textiles Minister Anand Sharma informed the Lok Sabha, and added the Government has already introduced steps to safeguard the industry.

He informed that the Government has formed six high-level inter-ministerial committees having various ministerial and departmental representatives as well as representatives from the Planning Commission as its members. These committees, he said, are meant to review and assess the performance of the textiles industry.

Mr. Sharma stated that no case related to dumping of Chinese raw silk in India have been registered with the Government this year. He added that China has been hit by natural calamities and silk production there has witnessed a fall this year.

He, however, stated that safeguard measures like protective duties help the Indian Government to curb dumping of foreign goods in domestic markets.

The Minister stated that raw silk production in India has reduced in recent times and Chinese silk is proving to be of great help for the Indian weavers.

He informed that during October this year, the Government approved setting up of 21 new integrated textile parks with an outlay of Rs. 21 billion, so as to develop world-class infrastructure for the domestic textile industry.

While responding to a query on handloom census, the Minister said that the mechanized sector and low-cost imported fabrics are extending tough competition to the industry.

He stated that the credit flow for the domestic handloom industry is epitomized by high costs, low disbursement levels and blockage of credit lines owing to a “debt over-hang''.

The Minister informed that the Cabinet Committee on Economic Affairs has sanctioned a loan waiver package worth Rs. 38.84 billion for the handloom industry. He added that the package will help in providing credit to handloom weavers and their societies, which will help around 300,000 weavers.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X