Textile exports may touch $55 billion by 2011

Textile exports from India were projected to touch US $55 billion by the end of the 11th Plan period despite the rupee appreciation against the US dollar, according to G. Sreekanth of the Institute of Engineers. He said the projected exports of textiles and apparel during the 11th plan were US $24 billion in the first year, and increasing at an annual average growth rate of 20% and would reach US $55 billion by 2011-2012. More than 700 delegates from all over the country, including 300 from textile and apparel industries, would participate in the Convention and Seminar in which rupee appreciation against US$ would be discussed.