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RBI estimates US$1.63 bln investment in textiles in 2004/05
16 Nov '05
1 min read
New fixed asset investment (FAI) is enjoying an exceptional growth in India.
After IT and pharmaceutical sectors, textiles has registers third fastest growth.
During 2004/05, textile investment have shot up to Rs 74.58 billion or US $1.63 billion as estimated by Reserve Bank of India which is more than double the amount invested in 2003/04.
Independent estimates place total FAI in the textiles sector at Rs 88.34 billion during the current year.
Notably, RBI considers only important projects among these, and though small in relation to China, this investment is a record growth for India.
Comparatively speaking, during January-September period, China recorded investment worth 106.3 billion yuan or about US $13.15 billion in fixed asset in textiles and apparel.
In India's case, money seems to be flowing in from various sources including venture capital and private equity market, which scaled record heights.
After IT and pharmaceutical sectors, textiles has registers third fastest growth.
During 2004/05, textile investment have shot up to Rs 74.58 billion or US $1.63 billion as estimated by Reserve Bank of India which is more than double the amount invested in 2003/04.
Independent estimates place total FAI in the textiles sector at Rs 88.34 billion during the current year.
Notably, RBI considers only important projects among these, and though small in relation to China, this investment is a record growth for India.
Comparatively speaking, during January-September period, China recorded investment worth 106.3 billion yuan or about US $13.15 billion in fixed asset in textiles and apparel.
In India's case, money seems to be flowing in from various sources including venture capital and private equity market, which scaled record heights.
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