IMPACT OF EUROPEAN CRISIS ON TEXTILE EXPORTS

During 2009, India’s exports of Textiles and Clothing (T&C) products to European countries and US, had a share of 34.76% and 19.40% respectively of India’s total exports of T&C products. There has been no discernible effect on exports of India’s T&C products to Europe, during the current phase of economic adversity in some EU countries.

Export duty of Rs.2500/- per tonne has been imposed w.e.f. 9.4.2010 on exports of cotton so as to ensure stabilization of prices and restoration of domestic supply lines

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