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

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Madhu Jain
Madhu Jain

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave 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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search