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30% of Indian textile mills shut in 2000-10: ASSOCHAM

28 Oct '13
3 min read

As per the ASSOCHAM Research Bureau, Tamil Nadu has incurred maximum loss of over 200,000 job opportunities, followed by Gujarat which has lost over 100,000 employment opportunities due to non-operation of textile factories.

The ASSOCHAM study gives some key suggestions to make the Indian textile industry financially viable and thereby minimize the share of non-operational factories. The suggestions include technology and skill upgradation, inflow of foreign investments, partnership with international labels, brand promotion, and flexible labour policy.
 

Fibre2fashion News Desk - India

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