India''s textile export seen below target at $23 billion in FY08

Mumbai: Textile exports from the country during the current financial year 2007-08 are likely to miss the $25 billion target because of the rupee''s appreciation against the dollar, official sources said.

The government has revised the target downward to about $22-23 billion in the current financial year, around 8-12 per cent less than the original target, reports quoting textile commissioner J.N. Singh said.