Encouraged by turnaround in the textile exports, the government has set textile exports target of $60 billion in 2014-15, which is 30% higher from the target in the current financial year as it aims to cash in on developed nations' increasing dependence on India while focusing on skill development in the country. Meanwhile, for the current fiscal year, government has set a target of $43 billion.
Exuding confidence that March 2015’ export target is not difficult to achieve, Textile minister K S Rao underscored that only by addressing issues related to procedural clearances there will be an increase of 8% in textile exports. Additionally, he ensured that he would get all the proposals from the industry and would clear all the procedural hurdles for exports during his tenure.
Further, the minister unveiled that garment exports has been growing at 15% since the last nine months, while Apparel exports has grown at over 15% during April-December, 2013.
Exuding confidence that March 2015’ export target is not difficult to achieve, Textile minister K S Rao underscored that only by addressing issues related to procedural clearances there will be an increase of 8% in textile exports. Additionally, he ensured that he would get all the proposals from the industry and would clear all the procedural hurdles for exports during his tenure.
Further, the minister unveiled that garment exports has been growing at 15% since the last nine months, while Apparel exports has grown at over 15% during April-December, 2013.
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