India cotton council has mixed feelings about new policy

New Delhi – The chairman of India’s cotton export council both hailed and criticized the government’s new trade policy, which will pursue trade for India’s goods in 26 new markets in Latin America, Asia and Africa.

“The ambitious targets set up by the government in the New Policy such as achieving an annual export growth of 15% with an export target of US$ 200 billion by March 2011 and the long term goal of doubling India's share in global trade by 2020 are possible to achieve only when due importance is given to the textile export sector” said Shri V.S. Velayutham, chairman, Texprocil.

While happy the policy incorporates finished textiles, knitted fabrics, crochet fabrics and synthetic fabrics, Velayutham said he was disappointed as products such as woven fabrics and denim were not included.

He also expressed displeasure with an additional duty credit of 1% and urged the government to raise the duty entitlement passbook rates for fabrics.

 

 

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!