India’s exports of textiles and garments recover quickly this fiscal from the lows of the pandemic-hit FY21 as shipments continue to be strong due to resurgence…
Browsing: Amended Technology Upgradation Fund Scheme
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
Without modernisation of its entire value chain, India can never become global champion in textile sector.
Without modernisation of its entire value chain, India can never become global champion in textile sector.
The production of the textile engineering industry (TEI) during 2016-17 recorded a nominal increase of 1 per cent to `6,650 crore as against `6,580 crore achieved during the previous year, mainly due the substantial increase in production of spinning machinery. Spinning machinery sector is expected to raise their production further during 2017-18.
The long awaited new textile policy, which aims to create 35 million new jobs and boost exports to over $300 billion annually over the next decade, is likely to be unveiled, may be within the next two months, according to Santosh Gangwar, Minister of State for Textiles.