Pakistan’s textile exports had dipped by 4.46 percent in March amid global slowdown due to the coronavirus pandemic.
Browsing: textile sector
To attract higher foreign investment in the textile sector, India has planned a complete overhaul of a scheme to create world-class infrastructure facilities for setting up textile units.
The government said the new Textiles Policy 2020 being formulated by the Centre is aimed at developing in the country a competitive textile sector which is modern, sustainable and inclusive.
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
Maangalya Shopping Malls has announced the opening of its seventh store at Kukatpally in Hyderabad and set up a textile unit in the Textile Park near Hyderabad.
Under different phases of the Public Sector Development Programme (PSDP), the Small and Medium Enterprises Development Authority (SMEDA) of Pakistan is planning to set up 1,000 industrial stitching units.
Grasim Industries bagged the Dun & Bradstreet Corporate Award 2019 for its stellar performance in the textile sector.