“India’s
minister of state for textiles Panabaaka Lakshmi in a written reply in
parliament said exports declined to Rs47,524.78 crore ($10.047 billion)
from Rs47,112.77 crore ($10.383 billion) in the preceding financial year
2008-09. ..Textile exports from the country has, however, grown
over 32 per cent in the first quarter of the current financial year
(2010-11) and, the government said, it is contemplating steps to give a
further boost to exports. ..The commerce ministry has completed
three days of consultations with organisations of exporters, including
textile exporters, to find ways of achieving the revised overall export
target of $216 billion for 2010-11 set by the prime ministers advisory
council. ..Meanwhile, Panabaaka Lakshmi said the expenditure and
committed liabilities under the Technology Upgradation Fund Scheme for
textiles till June 2010 have exceeded the 11th Plan allocation of
Rs8,000 crore. She said the government had to suspended sanction of new
projects under the scheme. ..The government, she added, has
received representations from textile associations to resume new
sanctions. But, with limited availability of funds, the ministry will
have to wait for some time till new resources are raised, she said ”
Date:8/1/2010
Source:fibre2Fashion