INDIA: Export Slump Highlights Need For Competitive Activities
The Confederation of Indian Apparel Exporters has called on the Indian government to provide greater support to the textile and garment industry - but concedes that exporters themselves also need to more competitive, explore new markets and boost their promotional activities. The appeal follows reports of a sharp slump in garment exports since January. This is likely to mean that the total value of garments exported in the 2000/01 financial year comes to just $4,900m - 25 per cent short of the $6,500m annual target.
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