Export orders for food, handicraft and readymade garments have risen at least 15% year-on-year owing to the upcoming festival season.
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The government is planning a major revamp of its flagship incentive scheme for capital investments in the textile and garment sector to improve its performance.
Export orders for food, handicraft and readymade garments have risen at least 15% year-on-year owing to the upcoming festival season.
A wave of innovation that has hit the textile industry is the coming of Industry 4.0. With the increasing number of innovations (backed by strong domestic consumption and a healthy export demand), the future for the Indian textile industry looks promising, says Pradip Roy.
India is only second after China when it comes to manufacturing and export of textile globally. The country now needs to work towards self-reliance by building indigenous textile machinery and technology, says Vibhav Jain.
The Tamil Nadu textile sector is betting on growth with a focus on value addition, according to a survey by Indian Texpreneurs Federation (ITF), a major textile body.
The Tamil Nadu textile sector is betting on growth with a focus on value addition, according to a survey by Indian Texpreneurs Federation (ITF), a major textile body.