India Textiles Industry is poised for a quantum jump in exports by touching the USD 50 billion dollar mark by 2010.
Secretary, Textiles Committee, Government of India, Rajib Aggarwal, speaking to newsmen here this evening on the eve of a one-day workshop on different of textile industry, said till last year the annual rate of export of Indian textile was to the tune of USD 15 billion, but thanks to globalisation and some positive steps taken by the centre the ammount of growth in export was increased from nearly 3.5 per cent till 2003-04 to over 16 per cent now.
He said though the major export of Indian textile comprising apparel, home textiles and readymade garments are made to the EU countries and the USA, the Indian textile ministry was leaving no stones unturned to tap the Middle-East, South Asian and South East Asian market to reach the targetted export figure.
Referring to the growth in domestic market, the Indian Textile Secretary said till last year it was around four per cent and with the coming up if several malls and other industrial estates business was likely to grow up by another three to four per cent by the end of the financial year.
To another querry, Mr Aggarwal said the handloom weavers in East India were doing quite well and thousands of weavers in West Bengal, Bihar, Orissa and the North Eastern region were doing exceptionally well.
About tomorrow's workshop he said more than 125 experts across the country will participate in the day-long programme to discuss various problems being felt by the craftsmen associated with the industry.
