Home / Knowledge / News / Textiles / Texprocil wants govt help to boost textile exports
Texprocil wants govt help to boost textile exports
16
Oct '15
Describing India's current textile export trends as not very encouraging, The Cotton Textile Export Promotion Council (Texprocil) Chairman R K Dalmia has called for interest rates subvention for India's cotton textile industry and a re-calibration of product market matrix to include exports to emerging markets to take on competitors whose exports to developed markets are growing because of preferential access.

At the All India Exporters' Chamber's Platinum Jubilee celebration in Mumbai, Dalmia said, "Exports of cotton textiles during April-August 2015 declined by 2.16 per cent at $4.24 billion as compared to same period of the last year. The declining exports trend may continue in FY16 due to subdued China demand and sluggish European economy,"

India's exports of cotton textiles in August 2015 registered a decline of 7.39 per cent to $863.18 million as against $932.02 million in the same month last year.

"A large part of the reason for the sluggish growth lies in the overall slowing of demand in the overseas markets too. Apart from a general decline in overseas demand, our over-dependence on China especially for cotton and cotton yarn exports, is magnifying the overall decline in our exports as China slows down ,” Dalmia said.

While a slowdown in exports widens the gap in trade deficit in this sector, surplus capacity finds an outlet only through the channel of exports. Dalmia said the government must accelerate efforts to enhance the competitiveness of India's exports and expedite conclusion of FTAs with the EU, Australia and Canada.

He also pointed out the high cost of export finance which is around 10 per cent in India as compared to 3-4 per cent in competing countries like Vietnam, Bangladesh and Pakistan has also adversely impact India's textile exports. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Courtesy: Bombay Dyeing

Textiles | On 3rd Dec 2016

Bombay Dyeing to focus on retail; stops textile production

Bombay Dyeing, a Wadia group company, has decided to shift its focus...

Apparel/Garments | On 3rd Dec 2016

Q3FY17 net earnings slip 26.8% at denim retailer Guess

In the three months ended October 29, 2016, net earnings at denim...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search