Indian Textile Exports

The minister said that last year, textile export was approximately USD 42 billion, while the target is to achieve USD 100 billion by next 5-6 years

With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.

Tiruppur contributed around 54.2 per cent of the country's textile exports last fiscal

The discount on tradeable scrips has gone up from 3% to about 20%, benefitting importers who are taking undue advantage at the cost of exporters, says industry

The exports tally, which also includes handicrafts, indicates a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.

Surge is likely to generate 7.5-10 million new jobs

Sharp surge in demand for home improvement products; strong festive demand seen this year backed by favourable vaccination coverage across key markets

The government on Friday notified RoSCTL scheme for textiles exporters and said duty credit scrips under this support measure would be issued without insisting on realisation of the export proceeds

The government has removed the benefit of 4 per cent Merchandise Exports from India Scheme on exports of made ups and garments with retrospective effect, that is, from March 7, 2019

Synthetic fabrics and performance garments are going to be the two most promising segments: CII Tamil Nadu State Council Vice Chairman Hari Thiagarajan

"As the matter is still under consideration of the PM Office and we are hopeful that we will get a positive response at the earliest," HEWA Director Anant Srivastava told PTI

In dollar term, however, India's textiles and apparel exports recorded a mere 2 per cent jump to $2.64 billion for November 2018 versus 2.57 billion for the same month last year

Duty drawback rates have been raised by up to 70 per cent across all varieties of textile value chains

Since India has reached that GDP threshold, textile units in the country no longer enjoy the soft duties applicable to the competition in Bangladesh, Pakistan and Vietnam

The textile sector is the largest industrial employment provider in India, employing more than 100 mn people directly and indirectly

In Jan-Nov 2017, Vietnam's apparel exports to the US grew by 7.42% and India's by 2.19%; the other three in the top five saw their numbers declining