18 March 2022, Mumbai:
Exports of cotton textile products were $13.95 billion between April 2021 and February 2022, surpassing the target of $12.5 billion fixed by the government Cotton textile exports are expected to cross $15 billion this financial year, according to the Cotton Textiles Export Promotion Council (Texprocil).
There is an increase in export of all the products in the cotton textiles value chain and in different geographies such as Egypt, the U.S., Bangladesh, Vietnam and China. “Exports of cotton textiles have exceeded the target by 102% in 11 months, which is a landmark achievement in the history of cotton textile exports,” it said.
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“Exports of cotton textiles have exceeded the target by 102% in 11 months, which is a landmark achievement in the history of cotton textile exports,” it said.
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Texprocil chairman Manoj Patodia said pent-up demand, ban on Xinjiang cotton, extension of the RoSCTL scheme for madeups and garments till March 31, 2024, and coverage of the entire value chain under the RoDTEP scheme had all helped spur growth.
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CREDITS: The Hindu dbp news Press Reader (The news article has not been edited by DFU Publications staff).
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