The Export Target Of US $40 Billion 500 Million Is Difficult For India Textile Industry To Accomplish.

Continued difficulties in the United States and Europe

Industry, therefore, India textile industry may not be able to complete the export target set in the current fiscal year of 40 billion 500 million US dollars.

The textile industry did not grow significantly in the first half of this fiscal year.

Industry has been more seriously affected.

Cheap clothing from Vietnam, Kampuchea, China and Bangladesh poured into the US and European markets. Because of the coming financial crisis, the two markets have become very concerned about the cost.

Nair, Secretary General of the India Textile Industry Federation, said: "the situation in the United States and Europe is very bad."

The export target of $40 billion 500 million seems hard to accomplish.

Almost half of the current fiscal year has passed, and there has been no sign of a marked recovery.

Textile department revision

The export target set the export target for 2012-2013 years to US $40 billion 500 million, an increase of about 22% compared with last year's US $38 billion 180 million.

Importers in Europe and the United States have not placed much orders for the coming Christmas.

Europe can not buy a large amount of India products, which has a great impact on the export of clothing in India.

In fact, European buyers did not have many orders during the month of July -8.

The shipment is usually in October -11 months, and the shipment volume is very low at this time.

Demand for overseas markets is low in spring and summer.

We do not think that we can finish the goal of garment export of 18 billion US dollars fixed by the Ministry of textiles this year, Matrix clothing general manager said.

In April of this year, -7 months,

A decrease of 14.28% to $4 billion 200 million compared to last year, compared with $4 billion 900 million last year.

The industry said that in order to promote recent exports, the government should raise tax rebates, provide credit or other measures.

Chinese clothing prices are becoming more and more expensive. Vietnam has also increased wages. The clothing of these countries will become more and more expensive.

The industry believes that India textile industry must increase investment, improve efficiency and production capacity to maintain competitiveness.