Home / Knowledge / News / Textiles / Govt sets textile export target for 2010-11 at $24.4 billion
Govt sets textile export target for 2010-11 at $24.4 billion
01
Dec '10
Minister of Textiles – Dayanidhi Maran, said that in view of the sharp rise in textile exports during the past few months, the Indian Government had recently set the export target for textiles and clothing products for the current financial year at $24.4 billion, which is nine percent above the last fiscal year's target of $22.41 billion.

The Minister revealed this at a function in New Delhi, after he gave away the Shilp Guru Awards and National Awards to expert craft-persons and weavers.

Textile and clothing exports grew by 11.5 percent to $7.57 billion during the initial four months of the current fiscal, as against the $6.79 billion worth export during the corresponding period of last year.

While speaking on the handloom and handicraft industry's contribution to the nation's economic development, he said that the sector possesses massive potential to provide productive employment to several craftsmen and also to bring in valuable foreign currency to the country by means of exports. Both the sectors jointly employ around 12 million workers, and bring in foreign exchange of over Rs 100 billion into the country's economy, each year.

Textiles accounted for about 13 percent of the country's overall exports for 2009-10, and had been valued at $176.5 billion.

Fibre2fashion News Desk-India


Must ReadView All

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Textiles | On 29th Jun 2017

Vietnam’s textile & garment exports cross $10bn till May

Vietnam earned $10... billion from textile and garment exports in the ...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X