EU steps up textile quota from India

 The decision was taken this week, ahead of the EU-India Summit later this month. Officials said that with the latest quota flexibility, 8,000 tonnes of additional quotas have been provided to India.  Senior government officials told Business Standard that the decision comes after weeks of negotiations and the EU decided to delink multilateral matters with bilateral issues.  Exporters, particularly from the textiles sector, have been complaining of the adverse effect of appreciation of the Indian rupee to the dollar. Data compiled by the textiles ministry points to higher realisation from quota exports, though quota utilisation has dropped by 5.35 per cent in three principal markets