It is expected that this scheme will result in fresh investment of above Rs 19,000 crore and additional production turnover of over Rs 3 lakh crore in five years.
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It is expected that this scheme will result in fresh investment of above Rs 19,000 crore and additional production turnover of over Rs 3 lakh crore in five years.
Cotton prices have remained volatile for quite some time. The textile industry has raised the issue of rising domestic cotton prices with the government. If raw material prices continue to remain elevated for an elongated period, it can negatively impact margins for yarn manufacturers, says Pulkit Agarwal, Associate Director, CARE Ratings. In this interview, he analyses the fibre and yarn market against background of rising input costs and recent policy announcements (like of the Government of India.
The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
According to the report, the home textile exporters are going to show growth at a rate of around 20-25% in 2021-22 with healthy margins.
According to the rating agency, cotton-based textile products emerge as a clear winner with additional incentives of Rs 750-850 crore in the new rates of rebate under RoDTEP.