But it’s too early to rejoice, warn exporters; imports continue to dip
The government will soon announce the much-awaited new National Textile Policy entailing a “futuristic” strategy and action plan for India to unleash its full potential and become globally competitive in the sector, a top official has said.
A local online platform for trading garment items was launched yesterday to help international suppliers and retailers meet exporters directly and facilitate verification of work orders digitally.
The DPIIT has shared a list of 24 key sectors including food processing, toys, furniture, agro chemicals and textiles with respective ministries asking them to work on an action plan with a view to boost domestic manufacturing and make India a self-reliant country, an official said.
While COVID-19 has disrupted India's unorganised weavers and artisans in the textile industry, the Union Ministry of Textiles has launched a slew of incentives to resurrect the ailing sector.
PHNOM PENH -- Robust exports to the U.S. are giving Cambodia's garment industry -- and its wider economy -- breathing room in the face of the coronavirus pandemic and a loss of key European trade privileges.