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Indian textile exports to decline until Sept

India’s textile exports will continue to fall until September, as demand remains weak in major export markets, a top official of the Confederation of Indian Textile Industry (CITI) told Reuters in an interview.

Textile exports, excluding jute, silk and handicrafts, may have fallen to $16-$17 billion in 2008/09 from $22 billion in FY08, CITI’s secretary general D.K. Nair said on Thursday, adding that government sops may help them rise 5-10 percent this year.

Source: The Daily Indian

From the Egytex news archive, first published on 7 June 2009. Figures and names are as reported at the time.

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