India Formulates Measures To Promote The Share Of Global Textile And Clothing Exports

In order to meet the training needs of the textile industry, India The government launched an Integrated Technology Development Plan (ISDS), which allocated 2.29 billion rupees during the 11th Five Year Plan period. In order to meet the technical upgrading needs of the domestic textile industry technology upgrading fund plan, the allocation during the 11th Five Year Plan period was raised from 80 billion rupees to 154.1 billion rupees. The production of textile products in 2009-10, 2010-11 and 2011-12 (April June) and the export of textile products in 2008-09, 2009-10 and 2010-11 (April October) are listed in the annex.

The exchange rate of the rupee against the US dollar has been adjusted orderly according to the market fundamentals. The government has not received the comments from the textile industry, saying that exports have slowed down due to exchange rate fluctuations.

In order to solve the slowdown of the textile industry, the government has cotton The export of cotton and cotton yarn is subject to the open general license management system, without any quantity restrictions, and the preferential tax rebate measures for cotton and cotton yarn export have been restored. In addition, the government introduced several export promotion measures in the 2011-12 federal budget, and adopted the 2009-14 foreign trade policy plan, including incentives for key markets and key product plans; The plan for key products in the textile market and the plan for expanding the scope of key products in the market.

According to the latest data released by the WTO Secretariat, India accounted for 4.32% (rank: 6) and 3.62% (rank: 5) of global textile and clothing exports in the calendar year 2009, respectively. The government is implementing several plans, namely, the Technology Renewal Fund Plan, the Integrated Technology Development Plan, the Integrated Textile Park Plan, the Large Cluster Development Plan, to promote foreign direct investment investment Plans to participate in international trade fairs and exhibitions according to the marketing development assistance and market access action plan, so as to increase India's share in global textile and clothing exports.