Powerloom textiles export to go up.

Kolkata, April 28 Powerloom textiles export, which has been witnessing 10-12 per cent growth rate on a year-on-year basis, is set for faster growth due to the introduction of newer machinery, according to Ms Smita Bhardwaj, Executive Director, Powerloom Development and Export Promotion Council (PDEXCIL).

“Powerloom exports grew by about 12 per cent in 2008-09, against that during the corresponding year. In 2009-10, however, there was some impact on exports due to the global recession. Though the exact figures are yet to be arrived at, but on a month-on-month basis, exports dropped by about four-to-five per cent,” Ms Bhardwaj said, while speaking to newspersons on the sidelines of a press conference on developments in powerloom sector organised by the Chamber of Textile Trade and Industry (Cotti) here on Wednesday.

The situation had, however, improved and exports would pick up soon, she observed. PDEXCIL, Ms Bhardwaj said, was working on developing a cluster approach to train the labourers in the industry. Powerloom textiles worth more than Rs. 44,000 million have been exported to countries such as US, France, Germany, Bangladesh, Hong Kong and Italy, according to information available on PDEXCIL Web site.

It was, however, necessary to look at newer markets for exports such as Latin America, New Zealand and Japan among others.

Source : Business Line