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New Delhi: India''s textile exports have declined by over 14 per cent during the first quarter of the current fiscal due to a sharp rise in the rupee against the dollar.

The government has set an export target of $25.06 billion for textiles during 2007-08.

"As per the provisional export data of the directorate general of commercial intelligence and statistics, India’s textile exports have declined over 14 per cent in dollar terms during the first quarter of current fiscal over corresponding period of previous year," minister of state for textiles E.V.K.S. Elangovan said in a written reply in Parliament on Tuesday.

However, Mr Elangovan said that India’s share in the world trade in textiles and clothing rose from 2.99 per cent in 2004 to 3.68 per cent in 2006. World trade in textiles and clothing touched $530 billion in 2006, compared to $483 billion in 2005, he said.

"Indian textiles and clothing industry has been trying to utilise its full potential to cater to international demand for quality textile products. However, the textiles and clothing industry has been reporting certain constraints such as high power and transaction costs, poor port facilities and high raw-material prices," he said.


Source:Industry Website