Home / Knowledge / News / Textiles / India's textile exports may grow 15% in 2013-14: Minister
India's textile exports may grow 15% in 2013-14: Minister
18
May '13
Panabaaka Lakshmi
Panabaaka Lakshmi
India’s textile exports for the current fiscal year 2013-14 are likely to grow by 15 percent over last year, Minister of State for Textiles Panabaaka Lakshmi has said.
 
During the first eleven months of last fiscal year, India exported textiles worth US$ 22.25 billion, registering a dip of 4.1 percent, owing to slow demand from Western markets.
 
Inaugurating a six-day long exhibition ‘Shilpangan’ in New Delhi, the Minister expressed hope that the performance of the country’s textile sector would improve this fiscal, as demand from Western markets has started to revive.
 
Traditionally, around 60 percent of India’s textile exports are destined to the EU and the US.
 
The Minister said the order flow from the US market has increased, however, the demand from European market is still slow.
 
She added that Indian textile exporters have started exploring new markets like Russia, Latin America and Africa.
 
Shilpangan is jointly organized by Federation of Indian Chambers of Commerce and Industry (FICCI) and Rural Non-Farm Development Agency (RUDA).
 
The fair focuses on featuring and promoting artefacts and other products prepared by self help groups, artisans and small and medium industry.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

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

Sanjukta Dutta
Sanjukta's Studio

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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