The Union Government is expected to release new schemes for powerloom sector in April next year and the demands of the industry will be considered in it, said Ravi Capoor, the Textiles Secretary, here recently.
MSME minister Nitin Gadkari said there is a need to make 50% of the growth of the Indian economy come from the Micro, Small and Medium Enterprises (MSME) sector.
The Indian rupee on Monday strengthened to hit a two-month high against the US dollar as foreign investors continued to buy in local equities.
The RBI may cut the key policy rate again on Friday, the fifth in row, to complement the government's measures like reducing corporate tax and promoting credit offtake to spur economic activity during the festive season amid range-bound inflation.
NEW DELHI: The government will soon constitute a working group on the proposed new industrial policy which is aimed at promoting emerging sectors, reducing regulatory hurdles and making India a manufacturing hub, an official has said.
The rupee on Monday opened 13 paise higher at 70.43 against the US dollar on account of some selling in American currency by banks and exporters amid softening crude oil prices.