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Meeting textile export target not easy - Experts
30 Mar '07
1 min read
Despite Government's aggressive measures, textile industry is still having a hard time to gain enough profits.
Textile export is dull and products are unable to attract as many overseas consumers as need.
Even with the Government subsidies and incentives, exports recorded a notable slide in the growth-rate, recently.
Statistic show that though, exports climbed six percent in the first eight months of 2006-2007 fiscal, they are still way below seven year average growth-rate of 11 percent.
Experts believe that even if exports maintain the current rate, it would be difficult to achieve the current fiscal's target of $11.5 billion.
However, of the 13 categories, nine have registered positive growth, with yarn, excluding cotton, surging 154 percent and knitwear exports swelling 16 percent.
Meanwhile, bed-wear and cotton cloth registered a disappointing five percent and nine percent drop, respectively.
Textile export is dull and products are unable to attract as many overseas consumers as need.
Even with the Government subsidies and incentives, exports recorded a notable slide in the growth-rate, recently.
Statistic show that though, exports climbed six percent in the first eight months of 2006-2007 fiscal, they are still way below seven year average growth-rate of 11 percent.
Experts believe that even if exports maintain the current rate, it would be difficult to achieve the current fiscal's target of $11.5 billion.
However, of the 13 categories, nine have registered positive growth, with yarn, excluding cotton, surging 154 percent and knitwear exports swelling 16 percent.
Meanwhile, bed-wear and cotton cloth registered a disappointing five percent and nine percent drop, respectively.
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