According to a KMPG report, FDI equity inflow in the Indian textile and clothing (T&C) sector has surged 16 per cent in FY 2015-16 over FY 2013-14.
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Make in India initiative, launched a couple of years ago by the Modi Government, has also caught the serious attention of the textile industry, which seemed to have progressed well on this front. The ITJ takes a closer look with some highlights from the current scenario.
According to a KMPG report, FDI equity inflow in the Indian textile and clothing (T&C) sector has surged 16 per cent in FY2015-16 over FY2013-14. Major investments (by foreign collaborators and Indian companies) in the sector during April 2014 to March 2016 are also mentioned in the report which include investment worth $51.94 million in Fashion India Private Limited by E-Land Asia Holdings Pte Limited; $37.58 million in Procter & Gamble Home Products Ltd. by Procter & Gamble Home Products Ltd.
Make in India initiative, launched a couple of years ago by the Modi Government, has also caught the serious attention of the textile industry, which seemed to have progressed well on this front. The ITJ takes a closer look with some highlights from the current scenario.
Kenya plans to revive its cotton industry, a major foreign-exchange earner until the 1980s, amid strong demand for lint from domestic mills and the potential to supply manufacturers exporting clothing and textiles to the US under a preferential trade deal.
Kenya plans to revive its cotton industry, a major foreign-exchange earner until the 1980s, amid strong demand for lint from domestic mills and the potential to supply manufacturers exporting clothing and textiles to the U.S. under a preferential trade deal.
India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.