The Union Government has set a target of $60 billion for textile exports in 2014-15, as it aims to cash in on developed nations increasing dependence on India while focusing on skill development in the country.
According to the Union Minister of Textiles K Sambasiva Rao, by 2016-17 raw silk production in the country should be doubled to 46,000 million tonne during the terminal year of 12th Plan,