India’s share in global textile market reaches 4.11%

YarnsandFibers News Bureau 2014-02-06 09:45:00 – New Delhi

As per data released by WTO Secretariat for the calendar years 2009, 2010 and 2011, the share of Indian textiles and clothing exports in world’s export were 3.98%, 3.98% and 4.11% respectively. The Government has made various policy interventions to increase the Indian share in global trade and to increase annual production of textile goods including the schemes like Technology Upgradation Fund Scheme, Scheme for Integrated Textiles Park, Integrated Skill Development Scheme and Integrated Processing Development Scheme

The Ministry of Textiles has been in receipt of representations from various Councils and Industry Associations including SIMA and CITI for policy support. The recommendations of the Ministry of Textiles on the proposals have been sent for consideration/inclusion in Foreign Trade Policy and Budget 2014-15.

The information was given by the Minister of State in the Ministry of Textiles Smt. Panabaaka Lakshmi in a written reply in the Rajya Sabha today.

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