Textile export mark set at $33 b

Textile export mark set at $33 b

The current year’s target was $28 billion. Textiles Minister Anand Sharma told the Lok Sabha that the textile sector has witnessed a slowdown due to various factors, including the poor global economic situation.

Maintaining that it was a matter of “serious concern” in a reply to supplementaries, Sharma said steps have been initiated to address the “challenges”. The government has constituted six high-level inter-ministerial committees with representation from various ministries and departments, including the Planning Commission, to review and evaluate the performance of the textiles industry.

He said so far, the government has not received any complaint of dumping of Chinese raw silk in the Indian market and maintained that natural calamities in China have reduced production of silk in that country.

Sharma, however, said mechanisms like safeguard duty help the government to check dumping of commodities in Indian markets.  The minister maintained that, on the contrary,  the Chinese silk was helping weavers in India as the production of raw silk has come down in the country.

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