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With the revival of demand in Western markets, India's textile exports may grow up to $24 billion in 2010-11 from an estimated $20 billion in the previous fiscal, industry and government officials have said in New Delhi.

Powerloom textile exporters in the country need to look for new markets to step up exports, which are set to increase faster in the coming days due to the introduction of newer machinery, said Powerloom Development and Export Promotion Council (PDEXCIL) recently.

The Cotton Textiles Export Promotion Council (TEXPROCIL) urged the Government should consider giving additional benefits to the downstream Garment & Home Textile sectors so that they can tide over the temporary crisis rather than seek imposition of a tax on exports of Cotton Yarn.

In a bid to push the growth of the textile sector, the Tirupur Exporters' Association (TEA) has requested the Centre to provide successful textile clusters with better infrastructure like world-class design studio, research and development centre and incubation centre for technical textiles.

Opining that it is the right time for the government to take the right kind of measures that will help textile industry to witness a 5 per cent positive growth in exports in the current financial year as compared to the corresponding year, said the Confederation of Indian Textile Industries (CITI) General Secretary D K Nair.

The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.The Smart and Interactive Textiles market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.The Smart and Interactive Textiles market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

Textile industry welcomed the fixing of reasonable rates under the Goods and Services Tax (GST) regime on most of the items and also thanked the Finance Minister Arun Jaitley for quick conclusions on the subject. Commenting on the GST rates, A Shaktivel, Regional Chairman, Federation of Indian Exporters' Organisation (FIEO)'s Southern Region, said that the lower rates under GST across the products that have high potential of exports will go a long way in encouraging 'Make in India'.

Export of handicrafts continued to grow at the rate of 17%, though many sectors witnessed a drop in exports of Indian products to world markets, said Rashmi Verma, Textiles Secretary.

The Indian government will constitute a carpet export panel consisting of textile experts from the textile department and from the Export Promotion Council/Trade to ensure expeditious examination and speedier disbursal of drawback on carpets.

A textile industry body has cautioned the government that lifting ban on cotton exports from the country at this moment will have "disastrous" consequences for the Indian textile sector.

Garment exports from India to the US, the European Union and Japan are likely to pick up in months ahead on the back of improvement in their retail markets, Confederation of Indian Textile Industries (CITI) General Secretary D K Nair said.

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The Apparel Export Promotion Council (AEPC) has said the export target of USD 15 billion set by the textile ministry is ambitious but achievable.

Confederation of Indian Textile Industry (CITI) has expressed its anguish at the withdrawal of export incentives on cotton yarn.

Recent data released by UN Comtrade named India as a top contender in textile and apparel exporting.

Indian apparel manufacturers are facing steep price hike and serious shortage of fabrics and urged the government to introduce some sort of control mechanism to prevent uncontrolled exports of yarn and cotton from the country.

The textile industry has divided over the government's decision to withdraw the Duty Drawback on exports of cotton yarn with different industry bodies recently giving chalk and cheese views on the issue.

The government's move to ban cotton exports is to bring down its prices and to prevent its shortage in the domestic market, said Union Textile Minister Dayanidhi Maran.