India’s share in global textile market reaches 4.11%

As per data released by WTO Secretariat for the calendar years 2009, 2010 and 2011, the share of Indian textiles and clothing exports in world’s export were 3.98%, 3.98% and 4.11% respectively. The Government has made various policy interventions to increase the Indian share in global trade and to increase annual production of textile goods including the schemes like Technology Upgradation Fund Scheme, Scheme for Integrated Textiles Park, Integrated Skill Development Scheme and Integrated Processing Development Scheme

The Ministry of Textiles has been in receipt of representations from various Councils and Industry Associations including SIMA and CITI for policy support. The recommendations of the Ministry of Textiles on the proposals have been sent for consideration/inclusion in Foreign Trade Policy and Budget 2014-15.

The information was given by the Minister of State in the Ministry of Textiles Smt. Panabaaka Lakshmi in a written reply in the Rajya Sabha today.

Recent Posts

Nikwax launches new standard in waterproof down technology

Nikwax has unveiled its latest innovation, the Direct.Dry Down line, setting a new benchmark in waterproof down with great performance…

3 hours ago

Wrangler, Accelerating Circularity launch recycled cotton jeans

Wrangler x Accelerating Circularity jeans are proving that post-consumer and post-industrial cotton can be effectively reused in everyday clothing.

3 hours ago

Bcomp, Tras introduce flax-based composites to moto racing

Swiss cleantech innovator Bcomp has partnered with Japanese composite specialist Tras to bring natural fibre solutions to the world of…

3 hours ago

Scientists develop bioabsorbable fabrics for soft tissue repair

Researchers from MIT and Lincoln Laboratory are developing innovative bioabsorbable fabrics that replicate how soft tissues naturally stretch.

1 day ago

Researchers develop sustainable carbon fiber manufacturing process

A research team at the University of Limerick (UL) has introduced a groundbreaking method for producing carbon fiber through their…

1 day ago

T2T recyclers to shape EU sustainability policies

Circ, Circulose, RE&UP, and Syre, have joined forces to create the T2T Alliance, an initiative focused on driving policy changes…

1 day ago