Home / Knowledge / News / Textiles / CII expects India's exports to reach US$ 500 bn by 2013

CII expects India's exports to reach US$ 500 bn by 2013

08
Apr '08
The Confederation of Indian Industry (CII) has suggested a twin strategy of focussing on manufacturing sectors - Textiles, Leather, Gems & Jewellery and Engineering, and a renewed focus on two large markets of Latin America and Caribbean (LAC) and Africa to make the benefits of export growth dispersed across India.

This is in line with the Commerce Minister Mr. Kamal Nath's vision of making exports an engine for inclusive growth.

In an occasional policy paper titled "India Export Series - Sectoral Analysis" ,CII is of the view that in these four sectors India needs to be among the top three exporters in the globe, which accounts for more than 50% of India's current export basket.

For achieving this there is a need for a combination of policy initiatives; technology infusion; infrastructure improvement especially freight lines and ports; access to newer markets; innovation in product development and improvement in scale of production.

Since SME units dominate these sectors, CII calls for regular guidance and support to SME units to improve their efficiency.

While noting that diversification has been achieved in India's export destinations in recent years, CII called for a 'strategic push' in two big markets of Africa and LAC countries.

Currently India satisfies just 3.5% of Africa's import demand and just 0.7% of import demand of LAC countries. CII is of the view that these shares can easily be doubled with minimum efforts in the next two to three years.

CII expects India's exports to reach US$ 500 billion by 2013, if the past growth trend continues. India's exports for the fiscal year 2007-08 are expected to be between US$ 155 billion and US$ 160 billion from US$ 126 billion in 2006-07.

The foreign trade policy (2004-09) expects India's exports to reach US$ 200 billion by the year 2008 - 09.

Confederation of Indian Industry (CII)


Must ReadView All

Pic: Shutterstock

Textiles | On 6th Aug 2020

World textile & apparel trade dropped in 2019: WTO

The value of the world textile trade decreased by 2.4 per cent...

Pic: Amazon

E-commerce | On 6th Aug 2020

Amazon plans Sweden foray

Amazon recently started preparations for its launch in Sweden, a...

Pic: Adidas/ Reebok

Apparel/Garments | On 6th Aug 2020

Adidas posts Q2 FY20 sales of €3,579 mn

Adidas, a designer and manufacturer of shoes, clothing and...

Interviews View All

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

KK Lalpuria,

KK Lalpuria

Indo Count Industries is an India-based home textile company engaged in...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

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

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


July 2020

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


Advanced Search