Home / Knowledge / News / Textiles / India misses textiles and garment exports target
India misses textiles and garment exports target
26
May '15
India’s textile and garment exports registered an almost flat growth at $41.4 billion in 2014-15, against $40.8 billion in the previous fiscal, falling short of this year’s target of $45 billion, according to media reports.

The textiles ministry has set an exports target of $47.5 billion for the current fiscal. "Textile exports in 2014-15 stood at $41.4 billion as against a target of $45 billion. For the current fiscal, we have set a target of $47.5 billion," textiles secretary S K Panda told reporters at a press conference in New Delhi.

Panda said the government is finalizing the new ambitious national textiles policy that aims to raise exports to $300 billion by 2024-25 and create 35 million jobs.

He also said the textiles ministry has sought Rs 13,000 crore for the technology upgradation fund (TUF) scheme for the 12th Five Year Plan (2012-17).

Textiles minister Santosh Gangwar who also addressed the media said the government has approved 20 textiles parks under the scheme for integrated textiles parks (SITP) in the past one year. These are likely to create 75,000 jobs. (SH)

Fibre2fashion News Desk – India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Silke Brand-Kirsch
Schlegel und Partner

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

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel
Sidwin Fabric

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search