Textiles export target raised to $43 bn for current fiscal by govt.

The government said it has raised the textiles export target to USD 43 billion for the current fiscal, from USD 36 billion set earlier.

In a written reply to the Rajya Sabha, Minister of State for Textiles Panabaaka Lakshmi said, "In July 2013, the government has raised the annual export target of textiles from USD 36 billion to USD 43 billion following discussions with textiles export promotion councils against the backdrop of rupee depreciation and strong industry performance."

The US and Europe account for over 65 per cent of India's total textiles exports. Last fiscal, textiles exports stood at USD 34 billion.

Dion Global Solutions Ltd.

Read more about: textiles, export
Story first published: Thursday, August 8, 2013, 9:30 [IST]
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