Textile exporters are feeling let down by the new foreign trade policy (FTP), which they said has ignored the cotton yarn sector.
The Commerce Ministry announced the much-awaited FTP on Wednesday.
Texprocil Chairman R K Dalmia, in a statement, said the FTP outlines the vision, goals and objectives for the country’s export-import sector for 2015-20, but wondered if the high export targets set by the government are going to be achieved by promoting exports of handloom and coir products.
The government has also set the goalpost of $900 billion by 2019-20 from the current level of $465.9 billion in 2013-14.
–PTI