Despite various international and national challenges, textile and clothing export from India rose a marginal 5.4 per cent in 2014-15. The Cotton Textiles Export Promotion Council (Texprocil) claims that textile and clothing export was US $ 41.4 billion in 2014-15 as against US $ 39.3 billion in 2013-14. Export of cotton textiles and raw cotton decreased 14.7 per cent, as it was US $ 11,353 million in 2014-15 as against US $ 13,306 million in 2013-14.
RK Dalmia, Chairman of Texprocil says, “India is lacking at interest rates, timely release of incentives and policy support. Through basic manufacturing, we are very much competitive. But, because of these other issues, we become uncompetitive.” He also demanded to include cotton textiles under the three per cent interest rate subvention scheme and release funds under the Technology Up-gradation Fund.