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Tirupur knitwear exports likely to touch Rs36,000 cr by FY16-17

Related Keywords: Comprehensive Economic Partnership Agreement, export synthetic based garments, favourable cotton yarn prices, Free trade agreement, National textile policy, poised to reach the tartget, ready-made garment exports, Tamil Nadu Textile policy, Tirupur Exporters Association, Tirupur knitwear exports, with Canada and Australia

Tirupur knitwear exports is which currently having all-India market share of 44.29 percent with outbound shipments grown to Rs20,730 crore in 2014-15, is poised to reach the target of Rs36,000 crore by 2016-17 once the industry starts exporting synthetic-based garments, which have a market throughout the year globally, said President A Shaktivel of Tirupur Exporters Association at its 25th Annual General Meeting.

Uganda textile manufacturers pushing for implementation of national textile policy

Related Keywords: abundant cotton grown, buy textiles, economic sector, government institution, National textile policy, Nyanza Textile Industries, Picfare Group of companies, textile industries, Uganda textile industry

The textile industry is the only economic sector in Uganda which was once a vibrant sector is going through crisis, as it faces stiff competition largely from Asia and the Middle East. Although the government announced the first ever five-year National Textile Policy, it has not been implemented.
Uganda’s textile industries are pushing for the implementation of a National Textile Policy. They also want government institutions compelled to buy textiles from local companies.

Textile policy to focus on opening out export market horizons

Related Keywords: cabinet approval, export, FDI, law labour, market diversification, National textile policy, textile business, traditional products

The National Textile Policy is drafted with an aim to grab one-fifth of global textile business and increase export to $300 billion in the next decade will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups.
 

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