27 May 2015
The government has set the
textile and clothing export target at $47.5 billion for the current fiscal,
aiming for an almost 14% rise in outbound shipments from the actual level of
2014-15.
The country’s overall textile
and garment exports grew roughly 5% in the last fiscal to $41.4 billion from a
year before, said a textile ministry official. Still, the exports fell short of
the official target of $45 billion for 2014-15. Earlier, quick estimates had
showed that the exports during the April-February period went up by nearly 2%
from a year before. The industry wants certain incentives to capture markets in
countries such as Bangladesh, Vietnam and Cambodia.
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