MARKET & ECONOMY​

Textile sector is under stress in India. Recently, Mumbai-based Cotton Association of India (CAI) estimated that this year’s Indian crop (October 1, 2019-September 30, 2020) to be 33.55 million bales (170 kg each) as against its previous estimate of 33 million bales (170 kg each).

Textile sector is under stress in India. Recently, Mumbai-based Cotton Association of India (CAI) estimated that this year’s Indian crop (October 1, 2019-September 30, 2020) to be 33.55 million bales (170 kg each) as against its previous estimate of 33 million bales (170 kg each).

Sericulture in Jammu and Kashmir will get a boost with the newly established silk weaving and silk filatures factories at Bari Brahmana area of Samba district. These new facilities have been established with project cost of Rs 16.80 crore and Rs 6.64 crore respectively.

The government will roll out a production-linked incentive (PLI) scheme for the labour-intensive textiles and garment sector and correct its historical policy bias towards a cotton-dominated value chain, as it plans a renewed bid to reclaim India’s export markets after ceding a substantial ground to Bangladesh and Vietnam in recent years.