By 2014, India plans to export textile products to 70 BILLION. Dolly. USA
A recent study by Exim Bank: #39;Textile exports: the post-MFA scenario and opportunities#39; says that the Indian textile sector has the potential to achieve exports of 70 billion U.S. dollars in 2014 to study involves the fact that the agreement different types of fibers (MFA) restricts trade in textiles and clothing quota system. Post-kvotovy mode gives new opportunities the Indian textile and apparel industry. After the observation, Exim Bank has concluded - in the post-MFA regime, the sector of readymade garments offer greater opportunities than the textile sector, and countries such as China, India, Pakistan, Taiwan, Hong Kong, Brazil, Indonesia, Turkey and Egypt are the leading countries in the post-kvotovom mode.
The determining factors for the increase / decrease in the share of the market in the long term are price, quality and timely delivery. In a short time (1-2 years) in the EU and the U.S. will dominate the textile industry such as developing countries like India. According to forecasts of Exim Bank, by 2014, India will increase its market share in the U.S. and the EU to 13.5% ($ 5 billion) and 8% ($ 8 billion).
