India Is Optimistic About Emerging Markets And Is Confident That It Will Complete Its Export Target Of 40 Billion 500 Million US Dollars.

In 2011-12, India textile Exports reached US $33 billion, compared with exports of US $26 billion last year.

The India government hopes to achieve the revised US $40 billion 500 million textile export target in 2012-13 years, although the main market demand is slowing, such as the US and Europe.

　　 India textile Minister Kiran Dhingra said that we hope to complete the target of textile exports of US $40 billion 500 million this year, compared with the completion of US $33 billion in the 12 fiscal year.

Dhingra said that the textile department was worried about the slowdown in the main market demand in the west, such as the US and Europe, but the new markets were doing well, such as Latin America, Africa and the Middle East, and had great potential for development.

She said that after the announcement of preferential measures in the foreign trade policy, the exporters responded positively. Textile exports The target increased from $38 billion to $40 billion 500 million.

She said the government is optimistic about the export performance of clothing, handicrafts and carpets this year. Between April and May this year, shipments of handicrafts and carpets increased by more than 10% over the same period in India. However, during this period garment export growth was flat.

She said that in the first two months of this year, exports of textiles decreased by 10% compared with the same period last year. Textile industry Hopes for the recent announcement of the foreign trade policy, the rupee depreciation and the development of new markets.

In 2011-12, India textiles Exports reached US $33 billion, compared with exports of US $26 billion last year.

Touch USD $3 billion 300 million, 2 billion 600 million yuan over the previous year. Earlier, the industry has been higher than the price of plateau materials, high interest rates, in addition to the slowdown in demand in its main market, clamour.

The government has announced a restructuring of 350 billion rupees debt to help textile factories.

Dhingra said some officials will meet in New Delhi in July 13th to put forward a debt restructuring proposal for the textile industry on a case by case basis.