The government has set a target of $100 billion for textiles and garment exports over the next five years, the textile ministry said on Thursday.
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The government has set a target of $100 billion for textiles and garment exports over the next five years, the textile ministry said on Thursday.
The government has set a target of $100 billion for textiles and garment exports over the next five years, the textile ministry said on Thursday.
Easy availability of raw material, world-class textile machinery and other support services have made cotton the growth engine of the Indian textiles and clothing (T&C) industry
The Government of India’s approval for the Rs 10,683 crore Production Linked Incentive (PLI) scheme is expected to provide a shot in the arm for manmade fibre (MMF) and technical textiles sectors. Now the onus is on the industry to rise to the occasion, says Rakesh Rao.
The Union-Minister for Textile & Commerce, Piyush Goel and Union Minister for Information & Broadcasting, Anurag Thakur declared that Government of India has approved disbursal of Rs 560 billion arrear to the exporters under various schemes such as MEIS, RoSL, RoSCTL and RoDTEP.
Cotton has been the engine of growth for the Indian textiles and clothing industry due to long history of domestic availability of raw material, world-class textile machinery and other supporting fronts.