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Textile Industry

INDIA: Textile Minister eyes $25 bn exports by 2012.

Textiles Minister Dayanidhi Maran today asked the domestic apparel industry to target exporting $25 billion worth garments by 2012, up from $22 billion recorded in the last financial year.

"The apparel export industry provides employment to 2.5 million workers directly and three million indirectly, earns foreign exchange of Rs 50,000 crore annually and the need of the hour is to raise the level of exports to $25 billion by the year 2012," Maran said.

With the system in place to propel such exports, Maran even voiced for a $90-100 billion exports in the segment in the next 25 years.

While giving away the Apparel Exports Awards and Life Time Achievement Awards organised by Apparel Export Promotion Council, the Minister said such exports contribute to 13.5 per cent to the country's merchandise exports.

"Our presence in international textiles trade is minimal," he added.

The prime reason for our low share in international trade is the pre-dominance of low-value items in the export basket.

"We have to exploit the opportunities offered by the free market economy, while weaknesses hindering our growth have to be eliminated or their impact minimised through well defined initiatives to emerge as a strong international cost and quality competitive textiles economy," Maran said.

     

Highlights of the Foreign Trade Policy

The Hon’ble Union Minister of Commerce & Industry, Government of India, had announced the Foreign Trade Policy on 8th April’05. Some of the Salient Features / Highlights of the proposals pertaining to Textile Industry in general and Handlooms in particular are. >> More

Salient features / Highlights of the Foreign Trade policy

 

Modern Processing Houses

The Indian Home Textile Industry has access to excellent infrastructure facilities and uses the latest technology and machinery.

Many manufacturers have set up state-of-the-art modern processing houses to roll out large volumes of high quality products to meet the international market demands and expectations. Needless to say that India’s Textile Exports have grown exponentially over the last decade.

Eco- Friendly Dyes: Use of Azo-Free Colours

The manufacturers in India are well aware that AZO free colours and dyes should be used. India has discarded the usage of banned materials in the dyeing process with safe substitutes, to ensure eco-friendliness of the products manufactured by the industry.