Defence Minister Rajnath Singh on Tuesday said that the Technology Development Fund (TDF) Scheme will encourage MSMEs to take part in defence manufacturing.
Commerce, Textiles Ministries promise support; exporters hope rebate on taxes will be extended to the sectors.
The Indian cotton-spinning sector is in dire straits and is facing a crisis not seen in the past one decade, according to an apex body representing the industry.
The textile value chain, particularly the cotton-based manufacturing value chain, in India is facing liquidity issues due to slowdown in demand, according to Indian Texpreneurs Federation (ITF). If the situation continues, there may be a need for converting short-term loans in textile manufacturing sector to long-term.
Ludhiana, August 20, The textile industry is passing though its worst phase in the past decade, said Munish Bagrodia, president, Northern India Textile Mills Association (NITMA).
‘The space vacated by China is largely occupied by the least developed countries’.