National

Rajasthan textiles exports likely to grow 9% in FY’14

PTI Jaipur | Updated on October 04, 2013

Textiles exports from Rajasthan are expected to grow 9 per cent year-on-year to Rs 2,400 crore in the 2013-14 fiscal on account of rising demand from emerging markets like Latin America and Africa.

In 2012-13, the exports from state stood at Rs 2,200 crore, an official said.

“There has been a growing demand for our textiles exports in emerging markets like Latin America, Africa and Australia,” Rajasthan Chamber of Commerce and Industry Secretary General K L Jain said, adding however, the traditional markets like the US and Europe have been facing slowdown.

He was talking to reporters on the sidelines of the textiles and accessories fair titled “VASTRA-2013’, which started, here.

The four-day long exhibition is being jointly organised by Rajasthan State Industrial Development and Investment Corporation (RIICO) and Federation of Indian Chambers of Commerce and Industry (FICCI).

Jain further said the steps taken by the government including the textiles policy and holding of such exhibitions have also helped growth in the sector.

“The exhibition has a special significance for Rajasthan as the state government has recently announced a separate policy for the sector titled the ‘Special Customised Package for Textile Sector Enterprises — 2013’,” he said.

The fair would contribute further in projecting India as a prominent sourcing hub and investment destination, he said.

This year 202 exhibitors, 421 buyers from 66 countries and 43 Indian buying houses have confirmed their participation.

Export promotion

According to RICCO Managing Director Naveen Mahajan, in line with the policy of the government, efforts are on to explore new markets under the Focus Market Scheme.

“We are vigorously pursuing export promotion events in these non-traditional markets like Japan, Malaysia, Australia, Uruguay, Brazil, Mexico, Russia, South Africa, Egypt and Israel and inviting them to Vastra was a part of that policy which has paid off,” he said.

Besides participation from traditional export markets like the US and West Europe, this year there is an increase in participants from new markets such as Latin America, Africa, China, Australia and East Europe.

Textiles exports from Rajasthan accounts for 11 per cent of the country’s total textiles exports worth $ 34 billion.

Textiles are among the prominent sectors in Rajasthan, employing 1.61 lakh in mill and decentralised powerloom.

Published on October 04, 2013

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