The Tamil Nadu Government has announced new schemes for promoting handloom, textile and khadi industries. A sum of Rs 175.23 crore would be spent on modernising six cooperative mills in the State.
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The Tamil Nadu Government has announced new schemes for promoting handloom, textile and khadi industries. A sum of Rs 175.23 crore would be spent on modernising six cooperative mills in the State. For the benefit of powerloom workers, 50 per cent subsidy would be provided to around 1,500 employees towards their insurance premium. Unveiling the new schemes, Chief Minister J Jayalalithaa said handloom, handicraft, textile and khadi industries contribute the second highest revenue to the State, next only to agriculture.
The Zambian Government is determined to revamp the textile and garment subsector because of its huge potential to spur economic diversification.
The Zambian Government is determined to revamp the textile and garment subsector because of its huge potential to spur economic diversification.
The Zambian Government is determined to revamp the textile and garment subsector because of its huge potential to spur economic diversification.
Pakistan?s exports of textile and clothing witnessed a decline of 2.64 per cent in July-August on a year-on-year basis.
The Indian textile and apparel industry was estimated to be worth Rs 6,25,930 crore in 2015 and is projected to grow at a CAGR of 9 per cent to reach Rs 9,35,123 crore, by 2020. Of the total market size domestic consumption accounts for approximately 60 per cent and exports accounts for the rest approximately 40 per cent. The domestic market is expected to show higher CAGR of 10 per cent in comparison to exports, which is expected to grow at CAGR of 6 per cent over next five years.