INDIA: Textile exports sustain surge despite Chinese competition

NEW DELHI: Textile exports from the country sustained continuous surge despite competition faced from countries like China, which also helps to increase the competitiveness of the domestic textile sector, textile minister Sankersinh Vaghela said here on May 24.

The minister further added that textile ministry is expecting to surpass the target of $ 19.7 billion this year up from $ 17 billion in 2005-06 and pointed out that in 2005-06, textile export also surpassed the export target of $ 13.56 billion.

Textile sector expects exports to reach $ 40 billion by 2010 while investments to reach a rare Rs.1.4 trillion mostly for enhancing the capacity and technology of the manufacturing units and setting up integrated textile parks.
 
Further with an investment of Rs 3.85 billion, a total of 11 textile parks are expected to be made operational by the end of the year.

During 2005-06 investments for upgrading and enhancing the capacity of the sector had reached Rs.300.32 billion as against Rs 29.38 billion in 2002-03.


Send your News/Releases for publication to [email protected]
Added: May 25, 2006 Source: Agencies
Start script - 1516116161.0098 Start news id check - 1516116161.0098 After news id check - 1516116161.0102 After cookie_code - 1516116161.5078 Before news detail - 1516116161.5078 After news detail - 1516116161.5089 Start cat select - 1516116161.5089 After cat select - 1516116161.5091 before preg replace - 1516116161.5092 After preg replace - 1516116161.5092 Before tag engine - 1516116161.5092 After tag engine - 1516116161.5128 Before mptt engine - 1516116161.5128 After mptt engine - 1516116161.5128 Before related engine - 1516116161.5128 After related engine - 1516116161.5151 Before update hits - 1516116161.5152 After update hits - 1516116161.5153 After update news_hits - 1516116161.5163 After mem_only_views - 1516116161.5164 -------------------------------------------------- Total Exec time:- 0.50670003890991
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 16-01-2018