India targets Rs 3,74,220 crores exports in three years

Speaking at the ‘Textile Conclave 2013’, A Sakthivel,

Chairman, AEPC has said that India’s garment exports would be touching 60 billion dollars (Rs 3,74,220 crores) in the next 3 years, with government support. However, he pointed out that shortfall of skilled labour is the biggest bottleneck. The one day Textiles Conclave 2013 was organized by the Ministry of Textiles.

He said, “We are getting good orders and have won the confidence of buyers. As a brand in India, we are recognized everywhere but the challenge is translating that to leverage into the world textiles global hub. We are looking for skilled people in large number to meet the aim.”

Apparel exports grew to 31 percent for the month of October 2013. Export in dollar terms for April-October of the FY 2013-14 period increased by 15.5 percent over the same period of previous fiscal and reached to 8,259 million dollars (Rs 51, 511 crores). However, in rupee terms exports increased by 26.18 percent compared to same period of last year.

Lauding the efforts of Union textiles minister K S Rao and secretary textiles, Zohra Chatterji, Sakthivel said, “This textiles conclave is a mega platform where all stakeholders from the textiles industry, including policy makers, industrialists and the government gathered to usher in the new era for the Indian textiles industry.”