India is considering setting up 15 more textile parks worth Rs.20 billion ($412 million) over the next three years to boost the industry, said Textiles Minister Dayanidhi Maran.

India's overseas textile sales, about 13% of all exports, have been hit by declining demand from key markets like the U.S. and Europe, as well as a firming rupee. Growth in textile exports was flat in the year to March 2009 from a year ago, when it stood at $22 billion. Since 2005, India has set up 40 textile parks to provide state-of-the-art infrastructure facilities to the industry.