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Power & gas scarcity: Textile sector unable to meet target
01 Oct '09
1 min read
Power cut for about four to eight hours per day is impeding the growth of textile sector and curbing it from meeting set targets. Though the government has promised to provide uninterrupted power supply in recently announced textile policy, the sector is still facing such problems.
The government declared in the textile policy that the said industry will enjoy the exemption from load-shedding and will provide priority in gas allocation as done for fertilizer sector. Unless the government provides proper power and gas supply to textile sector, it will not achieve the export target of $25 billion for the sector in the next five years, 2009-14.
Regular power outages since last two years have been making the sector to go through critical conditions. The textile exports of the country, which accounts for 54 per cent of the country's total exports, tumbled down to $9.6 billion in 2008-09 compared to the $10.6 billion in 2007-08, and nearly $11 billion in 2006-07.
The government declared in the textile policy that the said industry will enjoy the exemption from load-shedding and will provide priority in gas allocation as done for fertilizer sector. Unless the government provides proper power and gas supply to textile sector, it will not achieve the export target of $25 billion for the sector in the next five years, 2009-14.
Regular power outages since last two years have been making the sector to go through critical conditions. The textile exports of the country, which accounts for 54 per cent of the country's total exports, tumbled down to $9.6 billion in 2008-09 compared to the $10.6 billion in 2007-08, and nearly $11 billion in 2006-07.
Fibre2fashion News Desk - India
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