Monday, December 19, 2011

Indian Textile Market ‎outlook 2012 -2013

Indian Textile Market ‎outlook 2012 -2013 : The Indian Government has fixed the textiles export target for fiscal year 2012-13 at US$ 33 billion, up from current fiscal’s target of US$ 28 billion, in spite of terming the current global economic uncertainty as a matter of “serious concern”.

The textiles sector has suffered a slump owing to several factors including the adverse global economic conditions, Union Textiles Minister Anand Sharma informed the Lok Sabha, and added the Government has already introduced steps to safeguard the industry.

He informed that the Government has formed six high-level inter-ministerial committees having various ministerial and departmental representatives as well as representatives from the Planning Commission as its members. These committees, he said, are meant to review and assess the performance of the textiles industry. For the latest updates on the stock market, visit Stock Market Today
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