Mumbai: The country‘s ordinary exports of textiles and apparel may additionally stand at $forty billion in 2015-16, much like closing year‘s level, a senior reputable stated here.

“We see slowdown in China as an opportunity for us and we’re searching at $forty billion of textiles exports this year. to overcome global slowdown, the textile Ministry will provide complete help to the enterprise,”textile Commissioner Kavita Gupta advised newshounds.

She became speaking after inaugurating the 62nd national Garment fair organised by way of the clothingproducers association of India (CMAI).

The usa‘s ordinary exports of textiles and garb stood at $forty one.four billion in 2014-15 and $39.31 billion in 2013-14.

“We see slowdown in China as an opportunity and no longer as a task for Indian fabric exports. We needto act speedy in seizing opportunity. We need to sell every section as we are loosing out to Bangladesh and Vietnam,” Gupta stated.

Commenting on the new textile policy, Gupta stated the draft is prepared. Gupta said that with thirteenper cent proportion, technical textiles is rising as a sunrise zone.

The technical textiles industry is projected to grow at 20 in keeping with cent 12 months-on-12 monthsand the phase‘s capability is largely untapped within the u . s . a ., she added.

CMAI President Rahul Mehta said exports of equipped-made clothes is anticipated to reach $17 billion (about Rs 1,12,000 crore) in 2015-sixteen as against $sixteen billion in the previous yr.

The home clothing industry is dealing with slackness however sentiment is possibly to improve after the implementation of GST, he said.

The us of a‘s exports to South the us, eastern Europe and center East have accelerated significantly, Mehta said, but delivered that uncertainty still prevails in Europe, which is a primary market.