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

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

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...

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search