Home / Knowledge / News / Textiles / Exporters seek govt help to arrest textiles export slump
Exporters seek govt help to arrest textiles export slump
02
Jun '15
Textile exporters in India are a worried lot after failing to meet the export target for the last financial year, according to media reports.

"These declining trends in exports are a matter of deep concern," Texprocil chairman R K Dalmia said in a statement.

The 15 per cent growth envisaged this year, can be achieved with ‘timely support’ from the government. It should include cotton textiles under three per cent interest subvention scheme, release funds for the technology upgradation fund scheme (TUFS), and recalibrate the product under the merchandise exports from India scheme. The delay in getting duty drawback amount has further aggravated the situation for the exporters, Dalmia said.

Apart from these measures, much needs to be done towards achieving the objective of "ease of doing business" and "simplification of procedures", he said.

He added that despite repeated representations exporters are yet to receive 2 per cent additional duty credit scrips under the MLFPS (market linked focus product scheme) which was announced in February 2014.

The withdrawal of focus market scheme for cotton yarns has caused steep decline in exports to non-conventional markets like Peru, Morocco etc, Dalmia said, adding that the delay in getting duty drawback amounts from JNPT customs has further aggravated the situation for exporters.

The country's overall exports of textiles and clothing stood at $41.4 billion in 2014-15 but fell short of the target of $45 billion.

In 2013-14, the exports of textiles and clothing stood at USD 39.31 billion against the export target of USD 43 billion.

While, exports of cotton textiles (including raw cotton) touched $11,353.15 million as against exports of $13,306 million in 2013-14, registering a steep decline of 14.68 per cent.

Exports of cotton textiles (excluding raw cotton) during 2014-15 was $9,452.96 million as against exports of $9,669.05 million in 2013-14, registering a negative growth of 2.23 per cent. (SH)

Fibre2fashion News Desk – India


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Silke Brand-Kirsch
Schlegel und Partner

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Yash P. Kotak
Bombay Hemp Company

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

January 2018

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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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