TEXTILE EXPORTS FROM
INDIA
Textile exports registered
an increase at a compound annual growth rate of 14.01 per cent
in rupee terms between 1992-93 and 2001-02. Successive government
policies have consistently encouraged measures to exploit comparative
advantages to increase exports. Textile trade has contributed
a substantial and rising share of India’s total exports. Textile
exports during the year 2001-02 were worth US $ 10715 million.
Upto November 2002, exports were to the tune of US $ 7859.9 million
as against US $ 7137.4 million during the corresponding period
of the previous year. Based on the recent initiatives taken by
the Ministry of Textiles, textile exports were expected to reach
the level of US $ 13 billion as against the target of $ 15 billion
earlier fixed for the year 2002-03.
The rationalisation
of fiscal duty structure, introduction or extension of CENVAT
scheme to all segments/stages, removal of disparities/exemptions,
implementation of TUFS, continuance of Export Promotion Capital
Goods (EPCG) scheme, Advance Licensing Scheme, DEPB Scheme and
Duty Drawback Scheme with appropriate changes, have definitely
helped the reversal of the downward trend in textile exports of
the year 2001-02, to a positive trend of growth during the next
year.
