Textiles exports may fall short of target

September 22nd, 2009 NEW DELHI - The Ministry of Textiles and the FICCI will jointly organise a workshop on 'Strengthening-Government-Industry-Consumer Partnership on Geotech Textiles' here tomorrow. Senior Officers from the Central and State Governments will address the delegates.

September 15th, 2009 NEW DELHI - The government may soon provide a regulatory framework to the protective textiles sector to boost its growth, Textiles Secretary Rita Menon said Tuesday. "The government is actively considering to provide a regulatory framework to achieve 25 percent growth per annum of technical textiles against business-as-usual growth of 11 percent, Menon told reporters on the sidelines of a workshop.

August 31st, 2009 NEW YORK - India's exports to the US can increase by $1.5-billion if it made an effort to bail out the ailing textiles sector, according to Textiles Minister Dayanidhi Maran, now on an official visit to the US. "My visit will help exporters grab a large chunk of the market, which is expected to rebound by 2010 and 2011, Maran said Sunday while inaugurating the India Pavilion at "Sourcing Magic" fair in Las Vegas.

August 12th, 2009 NEW DELHI - The government Wednesday said it expected investments of Rs.5,000 crore and employment of nearly three lakh in the technical textiles sector by 2012. "The segment has a potential to attract investments and create additional employment opportunities in the coming years, Textiles Minister Dayanidhi Maran told reporters after launching a website -- www.technotex.gov.in -- that will meet the information needs of stakeholders.

July 22nd, 2009 TOKYO - With a view to finding new markets for the textile industry and reducing dependence on the US and the European Union (EU), India has begun promoting itself in Japan, with Textiles Minister Dayanidhi Maran inaugurating the Indian pavilion at the Mega Apparel and Textiles Show here Wednesday. The initiative is part of the government's policy to push Indian textiles exports to South East Asia, especially Japan.

July 21st, 2009 NEW DELHI - Despite high interest cost and falling exports, India's manufacturing sector will recover in the second quarter this fiscal, says a report by the Federation of Indian Chambers of Commerce and Industry (FICCI). "Indian manufacturing sector is likely to witness more than a moderate growth with eight out of the 10 sectors surveyed reporting not only positive but also high growth for July-September 2009 vis-a-vis same quarter last year," said the FICCI report.

July 20th, 2009 NEW DELHI - Union Textiles Minister Dayanidhi Maran will begin his visit to Japan from today. Maran is leading the joint trade delegation of textiles sector.

July 16th, 2009 NEW DELHI - Union Textiles Minister Dayanidhi Maran will lead the joint trade delegation of textiles sector to Japan on July 20. The seventeen-member delegation comprises the representatives of the Apparel Export Promotion Council (AEPC), The Cotton Textiles Export Promotion Council (TEXPROCIL), the Synthetic and Rayon Textiles Promotion Council (SRTEPC), the Knitwear Technology Mission, and leading textiles manufacturers and exporters from Tirupur and Coimbatore textiles clusters.

June 12th, 2009 NEW DELHI - The government will provide fiscal reliefs including service tax exemption to the slowdown-hit textile sector, Minister for Textiles Dayanidhi Maran said here Friday. "As part of a short-term strategy (for the textile industry), the government will strive to rationalise fiscal structure, exempt service tax, reduce interest rates on pre and post-shipment credit and facilitate faster clearance of arrears," Maran said here while releasing a report on the effects of the slowdown on the textile sector.

June 12th, 2009 NEW DELHI - The textile industry will regain lost ground to grow at 7-8 percent in the current fiscal, Textiles Minister Dayanidhi Maran said here Friday. Industry is quite optimistic and I am also quite optimistic we will be able to achieve that growth, Maran told reporters on the sidelines of a conference here.

June 12th, 2009 NEW DELHI - The government will exempt the slowdown-hit textile sector from service tax as part of its short-term strategy to bail out the industry, Minister for Textiles Dayanidhi Maran said here Friday. As part of our short-term strategy for the textile industry, we will try to rationalise fiscal structure, exempt service tax, reduce interest rates on pre and post-shipment credit and facilitate faster clearance of arrears, Maran said here while releasing a report on the effects of the slowdown on the textile sector.

April 30th, 2009 NEW DELHI - India's exports to the US have fallen by 11.5 percent in the five-month period since last October, said the Federation of Indian Chambers of Commerce and Industry (FICCI), adding that this was a 'matter of deep concern'. 'The sharp decline in our exports to the US that accounts for 13 percent of our global exports is a matter of deep concern,' FICCI president Harshpati Singhania said in a statement Thursday.

April 29th, 2009 NEW DELHI - Garment exports fell 14 percent short of the $11.62-billion (Rs.581-crore) target for 2008-09 but was 4.6 percent more than that earned last year, the exporters' umbrella organisation said Wednesday. Provisional figures released by the Apparel Export Promotion Council (AEPC) showed $10.13 billion (Rs.56,000 crore) worth of garments were exported last fiscal, as against Rs.48,400 crore ($9.68 billion) in 2007-08.

February 27th, 2009 NEW DELHI - India is expected to miss the export target of $200 billion this fiscal due to the global meltdown, Commerce Minister Kamal Nath said Friday, but hoped this figure will be achieved next year as he unveiled some new measures to help the exporting community. The minister hoped the country would log merchandise exports of at least $175 billion during the current fiscal, as he reviewed the country's long-term foreign trade policy.

February 26th, 2009 GREATER NOIDA - Indian handicrafts will have to be more innovative to boost exports at a time when demand is falling in western markets due to the economic slowdown, Minister of State for Textiles E.V.K.S. Elangovan said here Wednesday.