Texprocil expects 20% growth in cotton textile exports

The Ministry has also agreed to support Texprocil in its special focused effort to increase textile exports to’ zero’ import duty countries like Japan, Korea etc, given the fact that even to countries where we suffer duty disadvantages compared to our competitors like EU, we command a 10% market share.  Therefore there is no reason why we should not capture 20% share of those markets where we actually enjoy duty preferences. 

Going forward, irrespective of the global slowdown, we, at Texprocil are very bullish of our growth prospects.  The Ministries of Textiles and Commerce have not only been encouraging us but to push the bar higher.  With profitability returning to our mills, continuation of TUFS, and Special incentives for Power looms, Special investment allowance for textile industry, we are very optimistic that sufficient capacity will be built up and we will be able to meet with the expectations of the Ministry of Commerce and Textiles.

The Cotton Textile Exports Promotion Council Of India