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While Union Textile Minister Smriti Irani on Sunday said that the textile sector in Gujarat received Rs 30,000 crore of investment the BJP came to power at the Centre, under the leadership of Prime Minister Narendra Modi, a report released by her at the same event during the Vibrant Gujarat Global Summit here showed that the state registered a “de-growth” or negative growth in several segments of the textile sector in the last five years, between 2012 and 2017.

Chennai: It might be cliched to say that the clock is ticking but ticking it is when it comes to the Global Investors’ Meet (GIM) that is set to happen in three days time, here.

The Gujarat government on Sunday said over 28,000 memoranda of understanding (MoUs) were inked during the Vibrant Gujarat Global Summit 2019 and they are expected to generate 21 lakh jobs in the state in coming years. The government, however, did not specify the amount of investment.

Union minister Smriti Irani Sunday said Indian textiles and garments industry would soon get its own country-specific apparel size. Addressing the ‘Textile Conclave’ at the Vibrant Gujarat Global Summit here, Irani said a study will be carried out before introducing the ‘Size India’ project for apparel measurement.

The predominantly cotton dependant Indian textile industry needs to look beyond cotton and adopt manmade fibres to outpace its growth, ED of Arvind Ltd Kulin Lalbhai has said. 

ON JANUARY 1, 2019 RBI r e leased guidelines on restructuring ofadvancesto micro, small and medium enterprises (MSMEs) and gaveapleasant surprisetobanking sectorin general and MSME sectorinparticular.

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