India's textile exports in fiscal 2007 (April 2007 to March 2008) remained at $20.5 billion, a growth of about 10% compared to the previous year, due to a 15% increase in the value of the rupee, against the target of $25 billion. The government of India has announced the following schemes, saying that there is a need for improvement in the infrastructure of the textile industry and a new business orientation in line with the global trends in order to achieve the target of textile exports of $50 billion and an 8% share of the world's textile trade value (currently 4%).

(1) To achieve new initiatives including a technology development center for techtextiles such as geotextiles, medical textiles, agrotextiles and biotextiles. In order to achieve these initiatives, the government is expecting to attract foreign investment of 500 billion rupees (about $12.8 billion) by 2010.

(2) To continue Technology Upgrading Fund (TUFS) Scheme.

(3) To implement the Scheme for Integrated Textile Parks (SITP). To develop 10 additional textile parks by 2012 besides 30 textile parks already sanctioned. Constructing these parks is likely to attract investment of 17 billion rupees(about $430 million) in total and 450 million rupees (about $11.5 million) for 2008 alone, but will provide employment to about 580 thousand people and enable production of textile goods worth 27.4 billion rupees(about $700 million) annually.

(4) To implement the Technology Mission on Cotton under the 11th five year plan (April 2007 to March 2012).

(5) To reform the labor law.

(6) To establish vocational training facilities for the textile industry.