Minister urges exporters to gain from Chinas fading interest in garment sector

Written by fe Bureau | New Delhi | Updated: Jul 16 2013, 07:33am hrs
Textile minister KS Rao on Monday asked the industry to aggressively cash in on China's recent focus to move away from labour-intensive sectors, including garments, and boost apparel exports beyond the target to reach $20 billion in the current fiscal. He promised all sorts of assistance, including a relook at stringent labour laws, to boost garment production as well as exports in the country. Apparel exporters have told me they can increase their exports to $17.5 billion in the current fiscal. You assure me that you are going to increase the exports not to $17.5 billion this year, but to $20 billion... Whatever assistance will be required, I will talk to PM Manmohan Singh for the same," Rao said.