India sets textile export target of US$100 million for next fiscal year

Based on Indian media reports, inspired by the improvement in textile exports, the Indian government has set a textile export target of US$60 billion for the next fiscal year, an increase of 30% compared to the current fiscal year.
Textile Minister Rao said that “it is not difficult to achieve the above textile export target by March 2015.” This fiscal year, the government has set an export target of US$43 billion. Rao said textile exports can achieve an 8% growth simply by handling the hurdles related to procedural issues. It will therefore seek advice from manufacturers to ensure that all procedural impediments to exports are resolved during its term.