India'S Textile And Garment Industry Is The Largest And Most Densely Populated Sector In The Country.

2011/12/13 9:12:00 27

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The government of India has been confirmed for 2012-13 years.

Spin

The target of industrial exports is US $33 billion. Although the global economic slowdown is a "serious problem", the government said that measures have been taken to deal with "challenges".

Anand Charles, Minister of textile industry of India, informed the people's court that due to various factors, including the global economic downturn, India textile industry showed signs of slowing down.

Sharma said the government has launched measures to deal with the challenges.

The government has set up a high-level inter ministerial committee consisting of six ministries, representing a number of ministries, including the planning committee, which will examine and assess the performance of the textile industry.

He said next year's export target would be 33 billion dollars.

This year's

target

It's 28 billion dollars.

The minister said that so far, the government has not received any complaints about dumping Chinese raw silk in the India market. He said that China's natural disasters reduced the production of silk in China.

However, Sharma said that the special bonded mechanism helped the government curb the dumping of goods in the India market.

He believes that Chinese silk has helped India weavers, because

India

The production of raw silk decreased nationwide.

The minister said that in October this year, he approved the construction of 21 new comprehensive textile parks with a total investment of 21 billion rupees, which will create a world-class infrastructure for India's textile industry.