Home / Knowledge / News / Textiles / 'Textile sector not given required impetus'
'Textile sector not given required impetus'
30
Apr '16
Cotton Textile Export Promotion Council (Texprocil) Chairman R. K. Dalmia has said that even though the textile sector was at the forefront of creating employment in the country, “the cotton textiles business is fast losing its market share worldwide.”

Reacting to a report of the Labour Bureau published recently, Dalmia said in a statement that it was a matter of abundant satisfaction that the textile industry was at the forefront of creating maximum employment in 2015 as compared to other sectors like Auto and IT.

“More employment can be generated provided the government gives greater priority to the needs of the textile sector and recognizes its huge potential by giving timely impetus in terms of policy support. Some of the issues relating to exports such as cost of funds and the adverse impact of preferential access given to competing countries need to be addressed on a war footing,” he said.

The Texprocil Chairman also said that it was a matter of deep concern that India has already lost market share to Pakistan in 19 textile and 18 clothing products during calendar year 2014 due to the preferential access extended by EU to that country under the GSP Plus Scheme. “If urgent action is not initiated to address the issue then India stands to lose its market share in many more items,” he cautioned.

This has happened entirely due to the duty-free access given to Pakistan while Indian exporters were paying a duty of 9.6 per cent for made-ups and garments and 6.5 per cent to 8 per cent in fabric items.

According to Dalmia, the signing of the Indo-EU FTA at the earliest would help the textiles sector gain immensely in terms of market access. He expressed concern at the slow progress of the negotiations being made on this FTA and urged the Government to revive the talks under the Indo-EU FTA and conclude it at the earliest, if need be as a separate sectoral agreement.

“Recognising exports as a priority lending sector and including cotton yarns in the MEIS and interest equalization scheme are a few other key issues that need to be addressed to keep up the momentum in exports which will further lead to employment generation,” he said.

India’s overall merchandise exports have declined for the 16th successive month in March 2016 to $22.72 billion with exports falling by 16 per cent in fiscal year 2015-16 to $261.14 billion.

According to provisional figures released by the Ministry of Commerce and Industry, exports of cotton fabrics during April-January 2016 touched $1792.21 million as against $2050.77 million during the same period last year registering a decline of 12.60 per cent. Likewise, exports of cotton yarn during April–January 2016 touched $3038.43 million as against $3243.96 million during the same period last year registering a decline of 6.34 per cent.


Must ReadView All

Cotton production and exports in West Africa. Courtesy: FAS/USDA

Textiles | On 23rd Oct 2018

Record cotton production to drive West Africa exports

Cotton exports from West Africa for 2018-19 are projected to surpass...

Courtesy: Prudence Earl on Unsplash

Textiles | On 23rd Oct 2018

Sri Lanka's textile exports up 4.7% in Jan-July '18

Sri Lanka’s earnings from textiles and garments exports increased by...

Courtesy: Jens Mahnke from Pexels

Textiles | On 22nd Oct 2018

India levies anti-dumping duty on flax yarn from China

The ministry of finance, Government of India, has imposed definitive...

Interviews View All

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search