India's textile exports at $20.5 bn for FY08 at FinGad.com

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India's textile exports at $20.5 bn for FY08

Categorie: Emerging Markets
Submitted 4 months ago by

Vipinlara

India's textile exports for 2007-08 stood at $20.5 billion, falling short of the target set by the Indian government. The government had set a target of $25 billion export for the textile sector. In my opinion, textiles exports were impacted by the rupee appreciation but they have been able to register a growth of 10 per cent over 2006-07.According to experts, India's technical textile market could grow four fold to become a $37-billion industry by 2020, provided issues such as lack of investment and absence of research and development are addressed. It is worthwhile pointing that the Indian technical textiles market has been registering a growth of 11.25 per cent, which now stands at $8.3 billion. The growth of the sector is, however, marred by factors like lack of investment, absence of high quality R&D and database. Technical textiles are materials and products used primarily for their technical and functional properties and not for use as apparels. ... More...

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