Readymade garments, cotton textiles help Indias textile exports surpass target in FY2013-14
The Dollar Business Bureau | @TheDollarBiz India’s overall textile exports have recovered to around $39.3 billion in FY2013-14, up about 12.6% from around $34.9 billion in the previous year and up about 15.6% from the $34 billion target fixed by the government for FY2013-14. Readymade garments and cotton textile exports accounted for a bulk of the total growth in textile exports in FY2013-14. Indian textile exports grew sluggishly in FY2012-13 due to slowdown in global trade and domestic demand also remained low. However, things changed in FY2013-14 and beyond. Santosh Kumar Gangwar, Minister of State in the Ministry of Textiles, informed the Parliament today, “It has not come to the notice of the government that textile workers are facing ...
