Home / Knowledge / News / Textiles / Textile sector witnesses 11% hike in FDI for 2009
Textile sector witnesses 11% hike in FDI for 2009
09
Aug '10
As compared to 2008, Foreign Direct Investment (FDI) in textile sector in India for 2009 has gone up by 11 percent to Rs 9.687 billion. FDI in textile sector during 2008 was recorded at Rs 8.696 billion.

Minister of State for Textiles, Panabaaka Lakshmi said that, FDI in the textile industry has mainly flown from Europe, US and China.

Government has initiated various steps such as advancement of technology, design and textile parks, as also efforts are being made for betterment of labour, to attract FDI and for maximum deployment of foreign funds. Government, under the automatic route, permits 100 percent FDI in the textile sector.

Lakshmi, while responding to a query stated that, government had broaden the horizons of textile exports and in order to trim down India's export dependency on US and EU markets, is advocating an export regimen, to explore areas in the East and South East Asia.

The policy is not just concentrated on exploring newer markets but even focuses on drawing more FDI, she said. The sector was badly hit by the global economic slump, which had adversely affected both exports and the domestic market.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

New Pashmina Dehairing Plant to come up in Leh

A new Pashmina Dehairing Plant will be installed at Leh to increase...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search