The ministry of textiles expects textile exports to post
a 25 per cent growth this year and it pins its hopes on
the upbeat mood being seen in the manufacturing sector,
which is in the thick of modernising its production line.
the data from the director general of commercial intelligence
and statistics (DGCIS) for textile exports up to May this
year had revealed a 10 per cent decline overall, the figures
from the US and European Union customs authorities on
shipments from India are different, according to officials
in the ministry of textiles.
US imports from India up to April this year had revealed
a 24 per cent rise, in the case of the EU, it was up 11
per cent. The ministry is piqued by this conflicting data.
Officials said that the ministry has roped in some professional
bodies to undertake a study
on these discrepancies to arrive at the right status.
They said that the results would be known in a month's