The textiles ministry has fixed an export target of $40.50 billion for this fiscal, an increase of about 22 per cent over 2011-12.
‘Exports target for 2012-13 was initially fixed at $38.31 billion and has since been revised to $40.5 billion following the Foreign Trade Policy Supplement,’ minister of state for textiles Panabaaka Lakshmi said on Monday.
In 2010-11, the textiles export stood at $26.9 billion. Last fiscal, it was $33.31 billion. She also said that there is no report of job loss in the industry due to the slowdown. Lakshmi said the government has recommended allocation of Rs 15,886 crore for the Technology Upgradation Fund Scheme during the 12th Plan.
‘Decision of Planning Commission is awaited,’ she said. She said that against the budgetary allocation of Rs 13,784 crore, an amount of Rs 12,383.35 crore was utilised during the 11th Five Year Plan. The scheme is applicable to all the sectors including powerloom small scale industry.
‘Exports target for 2012-13 was initially fixed at $38.31 billion and has since been revised to $40.5 billion following the Foreign Trade Policy Supplement,’ minister of state for textiles Panabaaka Lakshmi said on Monday.
In 2010-11, the textiles export stood at $26.9 billion. Last fiscal, it was $33.31 billion. She also said that there is no report of job loss in the industry due to the slowdown. Lakshmi said the government has recommended allocation of Rs 15,886 crore for the Technology Upgradation Fund Scheme during the 12th Plan.
‘Decision of Planning Commission is awaited,’ she said. She said that against the budgetary allocation of Rs 13,784 crore, an amount of Rs 12,383.35 crore was utilised during the 11th Five Year Plan. The scheme is applicable to all the sectors including powerloom small scale industry.