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Will the sun shine on India’s technical textile sector?
India’s technical textile industry, still in its nascent stage, is witnessing growing domestic as well as global demand. Can increasing disposable incomes, growing investment, and the government’s power boost turn this into a $5 trillion economy in the next few years?
Textiles Ministry to form a structure under PLI: Irani
The Textiles Ministry is bringing to form a structure under which the Production Linked Incentive (PLI) Scheme for technical textiles and manmade fibre (MMF) segment will roll out, Union Cabinet Minister, Smriti Irani said at an ASSOCHAM Foundation Week Programme recently.
Textile Industry: Locked down
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
CITI hails PM’s decision to stabilise Indian economy
Confederation of Indian Textile Industry’s (CITI) Chairman, T Rajkumar thanked and appreciated the Central Government and State Governments for the efforts undertaken under the dynamic leadership of the Prime Minister, Narendra Modi, to contain and minimise the effects of unprecedented outbreak of deadly Coronavirus (COVID-19).
Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
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