“In 2008/09, the Bangladesh garment exports increased by 15.4%, 16.2%
growth the previous year, but the first 5 months of 2009/10 decreased
6.7%. However, according to research and market release titled “2010
edition of the world textile and apparel trade and production trends:
South Asia and Southeast Asia” report, if the U.S. apparel market,
Bangladesh zero-tariff treatment to the proposed mature enough,
Bangladesh’s exports would greatly benefit
.2007-08 textiles and clothing exports (TandC) to 22.146 billion U.S.
dollars, but decreased in 2009-10 to 20.939 billion U.S. dollars. Indian
Minister of State for Textiles, said the recent Panabaaka Lakshmi
,2009-10 (as of December 2009) India’s textile and clothing exports to
150.4489 million U.S. dollars, compared to the same period in fiscal
year ,2008-09 159.7050 million U.S. dollars export .
.Analysts pointed out that the future of the Indian textile industry’s
export growth will depend on the Government to promote investment in
modernization and innovation measures. Mullen said the Federal Textile
Minister of India, the government is making every effort to increase
India’s share in the global market. Measures proposed include the
development of Latin American and Caribbean countries, the potential
markets such as Brazil and Argentina, have been identified as one of the
key development of the country, because they are potential state .
.Mullen has said that although the global economic crisis was not
over, but there is also the trend of inflation, commodity price
fluctuations, but the Indian textile sector has been greatly recovery,
demand is robust .
.Ministry of Textiles for the industry’s rapid, inclusive growth and
development of participatory policy-making. Goal is to hold the momentum
of export growth has just begun, to raise cotton and cotton yarn
production and productivity, increase value-added garment sector,
handloom sector and jute carry forward the rich heritage of handicrafts,
raising mulberry production, to keep jobs. In addition, the Ministry of
Textiles make full use of India’s economic growth prospects, attracting
more capital inflows / foreign direct investment .
.Indian Ministry of Textiles, said in the post-quota era, Indian
textile and clothing (TandC) strong growth in exports of 25% in 2005-06,
exports increased 3.5 billion U.S. dollars, up 17.52 billion U.S.
dollars ,2006-07 continued to grow to 19.15 billion U.S. dollars, year
on year increase of 9.28%. Although the textile and clothing exports in
2007-08 was 22.13 billion U.S. dollars, by the strong appreciation of
the rupee against the dollar a serious impact, but in dollar terms,
still healthy growth of 15.59%, calculated in accordance with rupees, an
increase of about 2.76% .
.Ministry of Textiles Ministry of hope, Technology Upgradation Fund
Scheme (TUFS) will accelerate the promotion of modernization of India’s
textile industry. This is the textile industry’s first major stimulus,
August 6, 2009 grant subsidy of Rs 2546 million, within three working
days, the funds into the bank accounts of 12,514 beneficiaries. 2009-10
TUFS subsidy paid 2,885.98 million rupees .
.The Government has proposed a national fiber policy, yesterday, in
the public domain in the extensive consultations the draft policy.
Textile Ministry for Tirupur dyeing enterprises in 20 sewage treatment
plants (CETP) to provide Rs 200 million one-time grant to ensure zero
liquid discharge .
.Ministry of Textiles also handloom marketing to provide more support,
according to the National Integrated Textile Park SITP), for the 18 to
support the modernization of the textile factory. The program will
establish 17 textile parks .
.Despite the global economic slowdown, but India 抯 2008-09, textile
exports in total exports increased from 10.82% in up to 12.05%. India’s
Look East policy, in order to promote exports, in addition to
consolidating existing markets, such as the EU and outside the United
States, as part of the plan, India has also developed new markets, new
markets in India in organizing large-scale textile fairs, such as Japan,
South Asia, Australia, Latin America and South Africa .
.Some analysts pointed out that India and China’s textile exports will
face stiff competition from Bangladesh. India’s new initiative may not
produce results soon, therefore, India’s textile exports are likely to
continue in the doldrums for at least a year .
”
Date:7/4/2010
Source:www.zawya.com