Home / Knowledge / News / Textiles / Govt expands textile sector for gearing exports & economy
Govt expands textile sector for gearing exports & economy
10
May '08
A recently reveled study on the textile industry of the country shows that the sector is likely to generate some 17.37 million jobs by 2012 and huge amount of investments are made in the industry for the purpose.

In the past three years, investments in the textile sector increased from Rs116.28 billion in 2005-06 to Rs310 billion in 2006-07.

Besides, to in order to ensure that the industry is updated with latest technologies within a regular period, the Government had launched the Technology Upgradation Fund Schemes on April 1, 1999, validated for five years. It has been subsequently extended after its expiry in 2004.

The economy of India has greatly depended on the earnings arising from the textile industry which accounts for about 14 percent to the industrial production, 4 percent of the GDP and 16.63 percent of the country's export earnings.

Garments produced in India are exported to countries across the world and they have gained popularity because of its comparatively low prices and have attracted investors due to its reduced cost of production.

Experts believe that if good number of institutes spring up in the country to offer fashion technology courses, the textile industry of India could go a long way in ushering unique fashion trends worldwide.


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X