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Textile Exporters Fault US, EU Limitations |
The Indian Textile Export Promotion Council said that restrictive practices in the US and EU continue to block exports of textile raw materials to those countries. Frequent use of anti-dumping subsidy measures are seriously hurting the linen industry even as Indian exports in textiles and clothing grew by 14% and 33% respectively to the US and 4% and 31% to the EU. The Indian textile industry is valued at USD 40 billion with exports making up a 1/3. The target from textile export by 2010 is USD 40 billion. China has emerged a clear winner in the post-quota era and Pakistan is also gaining on India in yarn export. |
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