Maran pulls up cos for 'generalised' exports

NEW DELHI: Union minister for textiles Dayanidhi Maran on Wednesday criticised the ailing domestic industry for being too generalised in selecting export items and also concentrating only on US and European Union (EU) markets.

“We don’t look beyond USA and the EU, our product mix is very gen-eralized , our product basket is limited to tops, trousers, T-shirts and some hosiery items, our export basket does not contain any of the five of the yop trading textile goods in the world,” said Mr Maran at a function organised by FICCI on emerging global trends and the Indian textile industry .

He added that under the present scenario, the ministry has fixed a growth target of 12% to reach a market size of US$ 115 billion in the next five years and a global trade share of 7%.