Home / Knowledge / News / Textiles / Indian govt urges textile exporters to expand market reach
Indian govt urges textile exporters to expand market reach
07
Jul '12
Ms. Kiran Dhingra
Ms. Kiran Dhingra
As India’s key textile export markets – the EU and the US – are experiencing slow economic growth, exporters in the country have been urged by the Textile Ministry to expand their reach, particularly to the eastern markets, to decrease their reliance on the two major markets.
 
Discussing the impact of eurozone crisis on India’s textile exports, Textiles Secretary Kiran Dhingra said she views the slump as an opportunity for Indian exporters to expand their market in the East as well as West Asia, as till now they have mainly been focusing on the EU and US markets.
 
Speaking on the sidelines of Texcon 2012 organised by Confederation of Indian Industry (CII) - Northern Region, the official said the exporters are expecting shipments to decelerate over the next two quarters, and to rebound thereafter.
 
Handicraft and carpet exports from India grew at an average year-on-year rate of 10 percent during April-May 2012, while apparel exports remained flat during the period.
 
Meanwhile, banking on the positive response of the textile exporters following announcement of sops in the annual supplement of the Foreign Trade Policy (FTP), the Ministry has hiked the textile export target for the current fiscal, from US$ 38 billion set earlier to US$ 40.5 billion.
 
To boost exports, the Government has extended the interest subsidy scheme for one more year, till end of current fiscal. Also, garment sector has been brought within the ambit of the scheme, which already covered segments like handlooms, carpets, handicrafts and SME sector.
 
The market-linked focus product scheme in respect of apparel exports headed towards the EU and US has also been extended till March 31, 2013.
 
TT Limited Managing Director Sanjay Jain raised the issue of labour crisis and urged the Government to extend support for the sector, as many skilled workers engaged in the sector have shifted their hometowns owing to implementation of Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA).
 
He assured that if the Government extends support, the industry would also undertake to ensure 365 days of employment, even at its own cost.
 

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

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

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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

Yes No

Active Poll

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

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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

Yes No

Active Poll

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

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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

Active Poll

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

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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