THE MINISTER OF STATE IN THE MINISTRY OF TEXTILES (SHRI BASANAGOUDA R. PATIL (YATNAL)
(a) The types of textiles being imported in India are Silk, Wool, Cotton, Jute, Man-made fibres, yarns, fabrics, readymade garments and made ups.
(b) to (d): The value of textiles exports and imports during the last three years i.e. 1999-2000, 2000-2001 and 2001-2002 are given below :-
(In US$ Million)
1999-2000 2000-2001 2001-2002
Textile Exports 10508.5 12037.6 10715.0
Textile Imports 1161.0 1168.2 1534.8
Source: DGCI&S, Calcutta
In the atmosphere of liberalisation, the imports are governed by market forces subject to export-import policy in force from time to time. The liberalized trading regime would result in increased international trade in textiles thus providing greater export opportunities; and at the same time expose the domestic industry to import penetration in the domestic market. All efforts are being made to gear up the industry to improve its efficiency and productivity to meet the emerging global competition.
Though after the removal of quantitative restrictions, the textile imports have shown an increase, the total imports are not even one per-cent of annual domestic production of textiles in the country.
The declining trend in the textile exports during the year 2001-02 is mainly due to general slowdown in the economies of some of our major important trading partners like US which got accentuated due to Sept. 11 attacks. It is also due to increased competition from our neighbouring countries like China, Bangladesh etc.
As per latest available DGCI&S data, the textile exports during the period April-July, 2002 amounted to US$ 3845.8 million as compared to export of US$ 3604.2 million during the corresponding period of 2001, recording a growth of 6.7%. These latest trends shown that the downtrend in textile exports has been reversed.
