The country’s export earnings from readymade garment in the financial year 2020-21 would be $11 bn short of the target $50 bn set by the government, according to a recent estimate of textile and Jute Ministry.
The estimate shows that the earnings from RMG in the FY21 would be $38.73 bn, against $50 bn target set by the government for the fiscal in 2015. Against this backdrop, the government has taken a move to set export earnings target at $51 bn from textile and clothing sector including RMG, packaging and accessories and home textile as export trend showed that $50 bn target by FY 21 would not be achieved alone from RMG, high officials of the government and the industry people said.