The government has set the country's clothing export target at $18.70 billion for the current fiscal, eyeing an 11% rise in outbound shipments from the actual level of 2014-15, according to official sources. The country's garment exports touched $16.85 billion in the last fiscal, up 12.2% from a year before. Still, the exports fell short of the official target of $18 billion for 2014-15. In the first two months of the current fiscal, the growth rate in apparel exports also slowed to just 7% from a year earlier at $3.01 billion. The country's overall textile and garment exports grew roughly 5% in the last fiscal to $41.4 billion from a year before, but still lower than the official target of $45 billion for 2014-15. The government has set the target for the textile and clothing exports at $47.5 billion for 2015-16.
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