Home / Knowledge / News / Textiles / Textiles export target for FY11 fixed at $24.4 billion
Textiles export target for FY11 fixed at $24.4 billion
03
Dec '10
Considering the sharp rise in textile exports during last few months, the government had recently set the export target for textiles for FY11 at $24.4 billion, nine percent above the last fiscal's target.

According to the official statistics, textile and clothing items' exports, including handicrafts, grew by 11.5 percent to $7.57 billion during the initial four months of this fiscal as against $6.79 billion worth of exports during the corresponding period last year.

Further, as revealed by the Minister of Textiles, Dayanidhi Maran, the government has fixed the textile and clothing items' export target for FY11 at $24.48 billion, up from last fiscal's $22.41 billion.

While speaking on the role of handloom and handicraft sectors in the country's economic development, he said that these sectors have great potential to provide productive employment to several craftsmen, and also to bring in valuable foreign currency by way of exports.

Both the sectors jointly employ around 12 million workers, and bring in over Rs 100 billion worth of foreign exchange to the country, each year.

Due to the growing demand from US, handicraft exports, during the initial seven months of current financial year, surged by 24 percent and were recorded at $1.07 billion.

The handloom exports during the initial four months of this fiscal too surged to $116.76 million, registering a year-on-year rise of 63 percent.

Textiles worth $176.5 billion were exported during the last fiscal year, contributing around 13 percent of the country's overall exports.

Fibre2fashion News Desk-India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

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

Karan Arora
Karan Arora

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

July 2017

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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X