Home / Knowledge / News / Textiles / CII expects India's exports to reach US$ 500 bn by 2013
CII expects India's exports to reach US$ 500 bn by 2013
08
Apr '08
The Confederation of Indian Industry (CII) has suggested a twin strategy of focussing on manufacturing sectors - Textiles, Leather, Gems & Jewellery and Engineering, and a renewed focus on two large markets of Latin America and Caribbean (LAC) and Africa to make the benefits of export growth dispersed across India.

This is in line with the Commerce Minister Mr. Kamal Nath's vision of making exports an engine for inclusive growth.

In an occasional policy paper titled "India Export Series - Sectoral Analysis" ,CII is of the view that in these four sectors India needs to be among the top three exporters in the globe, which accounts for more than 50% of India's current export basket.

For achieving this there is a need for a combination of policy initiatives; technology infusion; infrastructure improvement especially freight lines and ports; access to newer markets; innovation in product development and improvement in scale of production.

Since SME units dominate these sectors, CII calls for regular guidance and support to SME units to improve their efficiency.

While noting that diversification has been achieved in India's export destinations in recent years, CII called for a 'strategic push' in two big markets of Africa and LAC countries.

Currently India satisfies just 3.5% of Africa's import demand and just 0.7% of import demand of LAC countries. CII is of the view that these shares can easily be doubled with minimum efforts in the next two to three years.

CII expects India's exports to reach US$ 500 billion by 2013, if the past growth trend continues. India's exports for the fiscal year 2007-08 are expected to be between US$ 155 billion and US$ 160 billion from US$ 126 billion in 2006-07.

The foreign trade policy (2004-09) expects India's exports to reach US$ 200 billion by the year 2008 - 09.

Confederation of Indian Industry (CII)

Must ReadView All

Textiles | On 27th Feb 2017

Textile industry can boost South African economy: Minister

The textile industry is one of the most strategic platforms through...

Textiles | On 27th Feb 2017

KBR bags LBED revamp contract for LG Chem's ethylene plant

KBR, Inc has bagged a technology licensing and basic engineering...

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

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

Silke Brand-Kirsch
Schlegel und Partner

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
February 2017

February 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