The government on Wednesday said it is confident that textiles exports target of USD 33 billion for 2011-12 will be achieved as there is a good demand from markets like Japan and Latin America.
The government targets textile exports of $ 30 billion in 2011-12, as demand is on the rise in the western markets, Textiles Secretary Rita Menon said on Thursday.
Extending the job guarantee programme much beyond digging ponds and building roads, work allotted under NREGA may cover garmenting giving employment to lakhs of people, Textile Secretary Rita Menon has said.
Presently, state-run Oil and Natural Gas Corporation and Oil India Ltd have to bear roughly one-third of the losses on sales of petrol, diesel, domestic LPG and kerosene by way of giving discounts on crude oil they sell to refiners. ONGC and OIL reaped huge profits as crude oil prices rose internationally, prompting the government to consider taking away any earnings over and above $75 per barrel through a WPT.
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