Govt mulls to increase textile exports to Iran, Middle East & CIS

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SME Times News Bureau | 03 Aug, 2012
Union Commerce Secretary, S R Rao recenly said that the government is planning to increase textile exports to Iran, the Middle East and CIS countries, reports media.

"We are also eyeing newer markets which have already been initiated couple of years ago. Especially Middle East, CIS (Commonwealth of Independent States) and Iran. The scope is immense", Rao told media in Chennai.

Besides these countries, he said, there is also possibility of exporting Indian textiles to China, considered the largest textile exporters in the world.

Speaking on the same, FIEO President, M Rafeeque Ahmed said, "Even China is vacating the traditional line that is where our textile products would also see greater scope of penetration. So there is good news coming up", he said.

"I wish it would have started by the beginning of this financial year, but it had taken some time. I think there is light at the end of tunnel," he said.

Recalling the meeting with Apparel Export Promotion Council and Export promotion body Texprocil, Ahmed said, "EPC is saying that their order books are full which is good news. The (textile) business should be doing extremely well in traditional markets."

According to the report, India is the second largest producer of textiles and clothing after China.