The exports of textiles and garments from Pakistan earned US$ 10.207 billion in the first nine months of fiscal year 2014-15 that began on July 1, 2014, according to the data released by the Pakistan Bureau of Statistics.
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An expert panel constituted by the government on Monday submitted the draft of the new National Textiles Policy, which aims to achieve $300 billion exports by 2024-25, and creation of additional 35 million jobs by attracting investments.
The Indian textiles industry is set for strong growth, buoyed by strong domestic consumption as well as export demand. Karthik Muthuveeran reports.The Indian textile industry is currently on a roll. Not only the industry´s hopes are flying high following the formation of a new Modi-led government
The Indian textile industry is currently on a roll. The textile industry?a leader among major industries in India?has overtaken Germany and Italy to be the world No. 2 in textile exports, but it lags behind China, whose exports are whopping seven times higher, according to a data released by the Apparel Export Promotion Council, the industry body for garment exporters.
Indian textile industry has shown a strong growth, sustained by strong domestic consumption. Availability of raw materials such as cotton, wool, silk and jute in huge quantity and skilled workforce has made India an important player in the textile industry. During FY14, powerloom is expected to be almost flat as compared to FY13.
Figures published by Pakistans National Bureau of Statistics indicate that textiles and clothing export earnings grew in February by over 3 per cent compared with the previous month, to reach $1.13 billion.
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