Millennium Post

April-February textile exports $11 bn less than full-fiscal goal

India's textiles exports were $28.4 billion during the April-February period, way below the target for 2012-13 fiscal that ended on  31 March.

The government had set a target of $39.6 billion for the entire fiscal.

'The textiles exports increased from $22.4 billion during 2009-10 to $27.7 billion in 2010-11 and these exports were $33.31 billion in 2011-12. Export performance for the April-February 2012-13 stands at $ 28.4 billion,' Textiles Minister Anand Sharma said in a written reply to the Lok Sabha.

On whether the government has explored new markets for exports in view of the recent slowdown in the US and the European nations, he said: 'Yes, government has explored new markets for textiles exports in Japan, Australia, Israel, Latin America, Africa, South East Asia and Middle-East nations.' India's share in global textiles exports was 3.87 per cent in 2009, 3.98 per cent in 2010 and 4.10 per cent in 2011, he said.

Further, Sharma said, the steps taken by the government to boost textile exports include extending 2 per cent interest subvention scheme on handicrafts, handlooms, carpets and garments up to March 2014, additional duty credit of two per cent of freight on board value on export of certain knitwear apparel for 2013-14.
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