MARKET & ECONOMY​

India is working to be a global hub in the man-made fibre (MMF) and technical textiles segments, including setting up five integrated textiles parks, a testing lab and starting a Focused Product Scheme, according to textiles secretary Ravi Capoor.

The National Textile Policy is expected to target investments worth Rs 10,000 crore and exports of $100 billion. Sivaramakrishnan Ganapathi, MD, Gokaldas Exports and P Sundararajan, CMD, SP Apparels giving insights to the policy said it is set to boost the Indian textile industry.