India Promotes And Promotes Textile Industry Development

< p > > a href= "//www.sjfzxm.com/news/index_p.asp" > India < /a > new textile minister Kavuru Sambasiva Rao has been appointed.

The new textile minister promised to do everything possible to promote the export and employment of the textile and garment industry in the country.

His ambitious plans include promoting the current annual export to $50 billion.

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< p > it is understood that at present, the export scale of India textile < a href= "//www.sjfzxm.com/news/index_c.asp" > clothing < /a > is about 33 billion US dollars.

In order to achieve the export target of US $50 billion, Kavuru believes that we must encourage skills upgrading in the textile and garment industry, and further communicate with entrepreneurs, find out the problems they encounter in the production process, and discuss effective support programs with the government to help them increase their exports.

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On the day of assuming P, Kavuru emphasized the importance of skill development.

He pointed out that the upgrading of the textile industry's skills will drive up production and reduce production costs, making it more competitive in the international market.

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< p > however, in the view of some textile companies in India, the export target of US $50 billion is somewhat unrealistic.

Due to the weak demand in the main export markets of the United States and the European Union, India textile and clothing exports amounted to 31 billion 700 million US dollars in the 2012~2013 fiscal year (April 2012 ~2013 March), compared with 33 billion 300 million US dollars in the same period last year, a decrease of 4.8%.

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< p > the United States and the European Union are the main export destinations of India's < a href= "//www.sjfzxm.com/news/index_c.asp > > textiles > /a", accounting for 2/3 of its total exports.

According to the statistics of India Clothing Export Promotion Committee, in the 2012~2013 fiscal year, India's clothing exports amounted to 12 billion 900 million US dollars, down 5.8% compared with the US $13 billion 700 million in the previous fiscal year.

Among them, the clothing exported to the EU was 5 billion 130 million US dollars, down 21% compared with the same period last year.

Data from the India textile Ministry showed that in 2012~2013, the export of clothing and cotton textile products accounted for 74% of the total exports of the industry.

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