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Related Keywords: aiming for an over rise in outbound shipments, demand from China remaining tepid, export target for current fiscal fixed, fell short of official target, India-EU Free Trade Agreement, Indian textile and garment exports, recovery in the developed markets

India’s overall textile and garment exports remained almost flat at $40 billion in the last fiscal, according to a quick estimate said a senior textile ministry official. Still, the exports fell short of the official target of $45-47.5 billion for 2015-16.

Textile minister Santosh Kumar Gangwar on Friday said that the government has fixed the textile and clothing export target at $48.5 billion for the current fiscal, aiming for an over 21% rise in outbound shipments from the actual level of 2015-16.

Related Keywords: coir, Confederation of the Indian Textile Industry, export incentives, export of fibre crashed, export target, fall short of expansion rate, handicrafts and handloom items, include jute, Indian textile and garment exports, miss initial official growth target, raw cotton

India’s overall textile and garment exports that also include those of jute, coir, handicrafts and handloom items to not only miss the initial official growth target of 15% for 2014-15 but fall short of the 5% expansion rate expected until recently. The government had initially set the export target at $45 billion for 2014-15, compared with the actual exports of $39.3 billion in the previous fiscal.