Indian textile exports fall short by 3.6bn of target set 45bn for FY15

Related Keywords: carpets, create additional jobs, fall short of target set, handicraft, include garments in subvention scheme, Indian textile export, New national textiles policy, readymade garments, roadmap for textile industry, silk, small increase in overseas sales, wool and woolen textile

New Delhi
Indian textile exports fall short by 3.6bn of target set 45bn for FY15
Summary: 
India’s textile exports stood at 41.4 billion, shortfall of 3.6bn from the target set of 45 billion for 2014-15. There was a small increase in the overseas sales of handicrafts (17 percent), carpets (15 percent), readymade garments (12 percent), silk (13 percent), and wool and woolen textiles (18 percent), said an official statement.

India’s textile exports stood at 41.4 billion, shortfall of 3.6bn from the target set of 45 billion for 2014-15. There was a small increase in the overseas sales of handicrafts (17 percent), carpets (15 percent), readymade garments (12 percent), silk (13 percent), and wool and woolen textiles (18 percent), said an official statement.

For the current fiscal, Textiles Ministry has set an exports target of USD 47.5 billion, Textiles Secretary S K Panda said while addressing a press conference.

http://www.thehindubusinessline.com/economy/textile-exports-fall-short-of-target-in-fy15/article7244928.ece
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