India Textile Exports Declined 2014/15 Cotton Textiles Showed A 2.23% Negative Growth

It is reported that

Failure to achieve export targets for last fiscal year, India

The exporter expressed great concern.

R K Dalmia, chairman of India cotton and paper products export promotion association, said in a statement that the declining trend of these exports is worthy of deep concern.

If the government supports it in a timely manner, it can achieve the growth of 15% this year.

It should include an interest subsidy scheme of less than 3% of cotton textiles, which should include the technology upgrading Fund Programme (TUFS) for the payment of funds, and the re adjustment of products under the India product export plan. The export tax rebate is delayed and the situation of exporters deteriorates further.

In addition to these measures, a lot of work needs to be done to achieve the goal of "easy to do business" and "simplify procedures".

Although the exporters who have repeatedly negotiated have not received a 2% additional tax credit bill under MLFPS, MLFPS announced in February 2014.

2014/15 fiscal year, the country's textiles and

The total export volume is US $41 billion 400 million, but it is below the target of US $45 billion.

In the fiscal year 2013/14, exports of textiles and clothing amounted to US $39 billion 310 million, with an export target of US $43 billion.

Exports of cotton textiles (including raw cotton) amounted to US $11 billion 353 million 150 thousand, while the export target was US $13 billion 306 million, a decrease of 14.68%.

In the 2014/15 fiscal year, the export of cotton textiles (excluding raw cotton) was US $9 billion 452 million 960 thousand, while the export target was US $9 billion 669 million 50 thousand, showing a negative growth of 2.23%.