India Formulating Measures To Promote Global Export Share Of Textiles And Garments

In order to meet the training needs of the textile industry, India The government launched an integrated technology development plan (ISDS), which allocated 2 billion 290 million rupees during the eleventh five plan. In order to meet the technological upgrading needs of the domestic textile industry technology renewal fund plan, the allocation of the eleventh five plan from 80 billion rupees to 154 billion 10 million rupees, 2009-10, 2010-11 and 2011-12 (April June) textile production and 2008-09, 2009-10 and 2010-11 (April October) textile exports are listed in the annex.

The rupee dollar exchange rate has been adjusted according to the fundamentals of the market, and the government has not received the views of the textile industry, saying that exports have slowed down due to exchange rate fluctuations.

In order to solve the slowdown in the textile industry, the government has cotton And cotton yarn exports to the open general license management system, no longer set any number of restrictions, the resumption of cotton and cotton yarn export rebates preferential measures. In addition, the government introduced several export promotion measures in the 2011-12 year federal budget, through the 2009-14 year foreign trade policy plan, including incentive measures for key markets and key product plans, the key product plan of textile market and the scope of expanding market key product plan.

According to the latest data released by the WTO Secretariat, the proportion of India's exports of textiles and clothing in the 2009 calendar years was 4.32% (rank: 6) and 3.62% (rank: 5). The government is implementing several plans, namely, the technology renewal fund scheme, the comprehensive technology development plan, the comprehensive textile park plan, the large cluster development plan, and the promotion of foreign direct investment. Investment The plan, a common code of practice, participates in international trade fairs and exhibitions under the marketing development assistance and market access action plan, thereby enhancing India's share of global textile and clothing exports.