Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The
government has set an ambitious target to achieve USD 100 billion export for
textile products by 2030.
The cumulative exports of textiles and apparel from
India during April 2023-March 2024 registered a de-growth of 3.24 per cent at
USD 34.4 billion, as compared to USD 35.5 billion in April 2022-March 2023.
Although
geo-political challenges remain, the textiles secretary said some exporters
have reported improvement in their order books in the first quarter and the
shipments are likely to improve in the coming months.
She
said the free trade agreements, which India has entered into with other nations
“hopefully will open up more opportunities” for the textiles exports.
India has been losing ground in global garments trade
to countries like Bangladesh and Vietnam due to their lower labour costs,
larger operation footprints, and benefits from free trade agreements.
