Do you know how big the Indian Textile and Readymade garment industry is? The importance of the textile industry in India’s economy and employment? MakeinIndia.com, a GOI website has published important data about the textile industry in India. Following are the summary of the Indian textile and garment industry. (Source: www.makeinindia.com) The Textile industry in … Read more
Textile sector has continuously maintained trade surplus with exports manifold higher than imports. In FY 2020-21 there was a deceleration in textile exports due to pandemic disrupting the supply chain and demand. However, signs of recovery are visible in 2021-22. During April-December 2021 the total Textiles & Apparel including Handicrafts exports was US$ 29.8 billion … Read more
Image source: Scroll.in The country’s textile industry has received a big gift. Central government plans to build 7 mega textile parks in the first phase. The Ministry of Textiles on Thursday issued a notification for setting up of 7 Mega Integrated Textile Region and Apparel (PM MITRA) Parks. New update: New Delhi, ANI. The work … Read more
