Related Keywords: Africa, be a little short of target, chase target set to double export in ten year, Commonwealth of Independent states, exporters face duties, FTA with European Union and US delayed, promote value addition, through bilateral agreement with Australia, to boost textile exports, union textile ministry, working new textiles policy
The Union textiles ministry through bilateral agreements with Australia, the Commonwealth of Independent States and Africa is trying chase target set to double textile exports in 10 years. The ministry is also working on a new textiles policy to promote value addition as free trade agreements (FTAs) with the European Union and the US are delayed.
Textile exports are unlikely to reach their 2015-16 target of $47.5 billion (Rs 3.17 lakh crore) because the figure was $32 billion (Rs 2.14 lakh crore) till December.
