New Delhi: India faces competition from countries like Vietnam, Bangladesh and Sri Lanka that enjoy preferential or duty-free access to key markets like the European Union, Union Textiles Minister Smriti Irani said on Friday.
Nagpur: Union minister of Micro, Small and Medium Enterprises (MSME) Nitin Gadkari will address an important conference focussed on MSMEs in Vidarbha organized by Confederation of Indian Industry (CII), Western Region on Saturday.
Union Minister of Textiles Smriti Zubin Irani on Friday said that India’s exports of textile and apparel sector (including handicrafts) have increased from USD 39.3 billion in 2017-18 to USD 40.4 billion in 2018-19.
The Indian textile industry can turn a $300-billion industry by 2030 and generate 35 million jobs, according to Hari Thiagarajan, Tamil Nadu council vice chairman of the Confederation of the Indian Industry (CII), who said this is possible if the industry enhanced its focus on exporting more value-added products, modernisation and sustainable business practices.
Textile parks grow at snail's pace; only 22 out of 59 projects completed so far - 30th November 2019
The progress of textile parks, under the Scheme for Integrated Textile Parks (SITP), has been moving at a snail's pace.
Contraction in eight major industries of the country continued for the third consecutive month in October as the output pace receded by (-)5.8 percent.