Textile exports slump 4.5% to $26 bn in April-December

Posted by Daily Shipping Times on 20-03-2017        Tweet

NEW DELHI: The Country's textiles exports dipped by about 4.5 per cent to $26 billion during April- December of this financial year. "The exports of textiles during 2016-17 (April-December) were $26 billion compared to $27.2 billion during 2015-16 (April-December)," Minister of State for Textiles Ajay Tamta said recently to the Rajya Sabha.

He also said that during the three quarters of this financial year, the total production of man-made fibre stood at 1,037 million kg while spun yarn production was 4,254 million kg.

In a separate reply, he said that in order to develop the textiles industry and infrastructure, the Government has implemented various schemes such as technology upgradation fund scheme and the one for integrated textiles parks, among others.