India#;s textile industry has been told it needs to urgently come up with a range of new initiatives and strategies that will boost its exports during the current global economic slowdown.

Speaking at the country's 28 International Garment Fair, Federal Textile Minister Kashiram Rana said urgent action was needed as textile exports for January-September 2001 plunged to $3.9 billion from $4.25bn the previous year.

"Initiative has to come from the industry and they would have to be prepared to compete globally on the basis of quality, delivery schedules and marketing strategies," he told delegates.

"The pace of overall export has declined due to economic slowdown and the present political situation and so we need to adopt a fresh strategy."