Export Target for Textiles Revised

Government has fixed/raised the target for the export of textiles products in the country during the year.The details of target fixed during the year and achieved during the last two years are given below:-

US$ Million)

USD )

Source: DGCI&S

This includes incentives for exports to focus markets and exports of focus products, interest subvention on pre-shipment credit, duty-free import of trimmings etc. required by the garmenting industry and duty-free import of tools by the handicrafts industry.This apart, financial assistance is being provided to the exporters under the Market Development Assistance Scheme and the Market Access Initiative Scheme, for enhancing market share in existing markets and for exploring new markets.

There is no report of job loss in the industry due to recent recession in India.Revival of the textiles industry and exports is being pursued by the Government through various Plan Schemes viz. Technology Fund Scheme, Integrated Skill Development Scheme, Integrated Scheme for Sector Development, Knitwear Technology Mission as well as Schemes for Development of Handloom Clusters and Handicraft Clusters.

to enhance India’s competitiveness in the global market.Some of the provisions of Foreign Trade Policy are as follows:-

. in a written reply in the today.