Indian fabrics sales are expected to double in the next three years, according to the Apparel Exports Promotion Council (AEPC).
"The Minister of Textiles, Dr. Kavuru Sambasiva Rao, is trying his level best to increase exports, and also domestic export of textiles, because it is next to agriculture in terms of revenue generating capacity. He has already talked to the government that there should be skill development, there should be some separate chapter for the interest deduction," said A. Sakthivel, Chairman, Apparel Exports Promotion Council (AEPC).
The Indian Government is also taking all effective steps to make sure there is a surge in the textile exports by implementing different schemes and benefits for the workers working in the garment industry.
"I think all the steps have been taken. Now, 700 crores has been released two days back and the state development scheme is already announced. The Minister of Textiles is also talking with the government and the Labour Ministry for the 50 hours work. And also he is talking about the separate chapter especially for the textile export with the Finance Minister. He has met already the Prime Minister of India and in turn he met a group of ministers to recommend what are the steps can be taken by the government to increase the export as ell as the import market," added Sakthivel.
The reasons for buyers to get attracted towards India are raw material strength and due to the rupee depreciation India has now been identified as a new market by both Japan and Australia.