Following the continuous rupee depreciation and strong industry performance, the Indian government has raised the annual export target for textiles from 36 billion dollars to 43 billion dollars for the current fiscal. The minister of state for textiles Panabaaka Lakshmi reported this in a written reply to the Rajya Sabha. Following the discussions with textiles export promotion councils, the ministry has taken the decision, said Lakshmi.

Replying to another question, the minister further informed that the ministry has sanctioned the details of 61 Textile parks, which is available online. “The details of 61 sanctioned Textile parks (40 parks sanctioned earlier and 21 newly sanctioned parks) under the Scheme for Integrated Textiles Park in the country state-wise are placed,” she said.

Since Scheme for Integrated Textiles Park (SITP) is a demand driven scheme, parks shall be sanctioned after receiving proper proposals including from the state of Maharashtra or in Solapur. “Funds are available for setting up new textile parks in 12th Five Year Plan under the scheme,” she added.