Textiles export to cross $15 B

By siliconindia   |   Friday, 11 October 2002, 19:30 IST
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Textiles minister Kashiram Rana said Friday that export during the current fiscal would cross the $15 billion mark (Rs 65,000 crore). The misiter forecast textile imports of upto US $50 billion by 2010.

KOLKATA: India exported $13 billion worth of textile products in 2001-02. " Worldwide demand for our textile products is increasing and the European Union decision to withdraw certain concessions to products from Pakistan will help India," Rana told reporters in Kolkata. EU was offering a special concession to Pakistan for the steps taken by it in dealing with drug trafficking among others. The situation was fast changing in favour of India so far as garment export was concerned and it was visible from the export figures of the first quarter of the current financial year, he said. Rana said textiles export during the quarter April to June this year was up by 16% to $3 billion from about $ 2.58 in the same quarter of the previous fiscal. He said the national policy of 2000 had set a target of $50 billion for textile exports by 2010 and his ministry was confident of achieving it.

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