Indian Union Minister of Commerce and Industry, has proposed the doubling of textile exports

Anand Sharma, Indian Union Minister of Commerce and Industry, has proposed the doubling of textile exports as part of a draft strategy to help the country hit exports of $450 billion by 2014. To achieve this, he suggested focusing on specialised, niche markets. In his address, the minister described India’s textile industry as a traditional source of strength, generating tremendous employment. This strategy to accelerate export growth is intended to keep the country’s trade deficit within manageable bounds. During 2010-2011, Indian exports are expected to reach $225 billion.