Related Keywords: absence of adequate policy support, adverse impact of preferential access, as cost of funds, exports against last fiscal year, including cotton yarns in the MEIS, Indian textile and clothing sector, interest equalization scheme, likely to slowdown further, marginal decline, need to address issues related to exports, sign Indo EU FTA, Texprocil
The country's total exports of textiles and clothing in 2015-16 stood at USD 40 billion as against USD 41.4 billion in 2014-15, a marginal decline of 3.4 per cent. In the absence of adequate policy support textile sector likely to see further slowdown in outbound shipments, according to industry body.
Textile Export Promotion Council (Texprocil) Chairman R K Dalmia said in a statement that some of the issues relating to exports such as cost of funds and adverse impact of preferential access given to competing countries need to be addressed immediately.
