To control the spread of COVID-19 disease, the government has taken many measures. Textile industry has also made a major contribution in the fight against the disease by providing novel materials and products to make safety gears, says Dr. Chet Ram Meena.
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Key Businesses outperform pre-COVID operational levels, leveraging the synergy of a conglomerate and the energy of focused businesses.
The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis.
In September 2020, Textile Secretary Ravi Capoor informed investors that the Government of India was planning to bring a “focussed product scheme†to incentivise production of synthetic fibre-based apparel and technical textiles.
On November 11, 2020, the Union Cabinet gave its approval to extend the PLI scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1,460 billion over a five-year period.
On November 11, 2020, The Union Cabinet gave its approval to extend the production-linked incentive (PLI) scheme to textile products along with nine other new sectors entailing an additional financial outlay of Rs 1460 billion over a 5-year period.
The virus has severely hit the global supply chain and has even more extensively hit the manufacturing sectors all around the globe. But not all businesses have been disrupted. Some business opportunities are rolling forward along with new strategies or new business model, write Kumar Vikas.