Related Keywords: China share in global export, estimated to decrease, including India to increase exports, Indian exporters edged out of traditional markets, open opportunity for other exporting nations, plan to achieve target, special package announced, textile and apparel, textile sector
With China’s present share in global export of textiles and apparel estimated to decrease from 40% to 33% by 2025 which is likely to open an opportunity of more than US$ 150 billion for other exporting nations including India to increase its exports.
India has mapped strategy to achieve the target of US Dollar 48.5 billion for textile sector in current financial year by announcing the special package of Rs 6,000 crores which will boost the employment generation and export of textile and apparel.
