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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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Textile gets only a 5% bit of $5b investment
25 Jan '06
1 min read
Value added textile sector has received only small bit of what has been invested in textile industry during the last five years.
However, value added textile exports recorded 61 percent increase in these years, official press release informed.
From the total investment of $5 billion, knitwear and garment sectors received only five percent from 1999-2000 to 2004-05, according to data.
Other segments like spinning and fibre, weaving, textile processing and made-ups received 46, 24, 12 and eight percent investment respectively.
The synthetic textile sector attracted five percent of the total investment.
However, value added textile exports recorded 61 percent increase in these years, official press release informed.
From the total investment of $5 billion, knitwear and garment sectors received only five percent from 1999-2000 to 2004-05, according to data.
Other segments like spinning and fibre, weaving, textile processing and made-ups received 46, 24, 12 and eight percent investment respectively.
The synthetic textile sector attracted five percent of the total investment.
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