India expects to double its man-made textile exports to Dubai to US$2 billion within the next two years, a top official of a textile body in India said. Last year, Dubai was the second largest destination for Indian man-made fibre exports worldwide, valued at US$3.4 billion. “India exports around US$1 billion or 30 per cent of its total exports to Dubai, which are further re-exported to other Gulf and African countries, Ganesh Kumar Gupta, Chairman, Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), told Khaleej Times. “These are growing markets and we are expecting to double exports in the next two years,” Gupta said. India needs to further enhance its trade relations with Dubai and other Gulf nations for this particular sector and for this purpose SRTEPC is organising a two-day high-profile business-to-business called: ‘Source India 2010,’ Gupta said. |
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