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Related Keywords: clothing sector, declining competitiveness, Indian Textile, sluggish global demand, T&C sector exports, Union textiles minister Santosh Gangwar, Union textiles ministry data

India’s textile and clothing exports in the 10 month period of April 2014 to January 2015 witnessed growth of almost four percent to $34 billion as per the Union textiles ministry data. This means $41 billion for the year, growth of only 3.8 percent as against the rise of 12.4 percent to $39.3 billion in 2013-14.

Sluggish global demand and declining competitiveness is likely to see less of export in 2014-15 for the textile and clothing (T&C) sector. According to industry sources, it should be five percent.

Related Keywords: balanced growth, bring transparency to scheme, clothing sector, different segments of textile, Kiran Soni Gupta, Southern India Mills Association, Stakeholder to review scheme, streamline procedure, submit suggestions, Textile Commissioner, Textile mills, TUFS

At a meeting organized on the TUFS by the Southern India Mills’ Association in Coimbatore on Monday, Textile Commissioner Kiran Soni Gupta said that the Ministry was looking at balanced growth of different segments of the textile and clothing sector and if there were modifications that were needed in the Technology Upgradation Fund Scheme (TUFS), the stakeholders should review the scheme and submit their suggestions. These could be taken up at the end of the XII Plan period.