‘Demand revival to facilitate 33% jump in textile exports’

Several factors favour Indian exporters: Textiles Secretary

Demand for textile and clothing from India has revived, particularly in the U.S., EU and U.K. markets, and lends confidence that the industry can achieve a 33% growth in exports this financial year, said Upendra Prasad Singh, Secretary, Union Ministry of Textiles. Asserting that several factors were now in favour of Indian exporters, with many tops brands looking at alternative sources to China and that India was one of the main options, Mr. Singh said that government policies, especially RoSCTL and RoDTEP, would help exporters this year. Textile and clothing exports had been almost stagnant for the last seven years at less than $40 billion, he told The Hindu on Saturday. Union Minister for Commerce and Industry, Textiles, Consumer Affairs and Public Distribution, Piyush Goyal had on Friday urged the industry to aim to raise textile and clothing exports to $100 billion, from $33 billion, at the earliest and called on them to lift domestic production to $250 billion.