Though there was a 10 per cent decline during the first four months of the year, imports by the US and European countries have shown a quantum jump, which would enable India to register the 25 per cent growth, Union Textile Secretary R Poornalingam said.
While total textile imports by the US have shown an increase of 24 per cent with India's share (exports) being 10 per cent, the country's share in European countries accounted for 11 per cent of the total imports there, Poornalingam said.
Moreover, the upbeat mood of Indian exporters, who were happy with the centre's schemes and modernisation undertaken by exporting units, would also add to the confidence of textile exports to grow by 25 per cent, following the increase of imports by major markets like the US and EU, he said.
The ministry had appointed an agency to study various aspects of textile exports, including the decline during the initial months of the phasing out of the quota regime, Poornalingam added.
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