Indian textiles ministry releases Year End Review 2020

31 Dec '20

1 min read

Pic: Shutterstock

India becoming the second largest personal protective equipment (PPE) manufacturer in the world, the approval of a National Technical Textiles Mission (NTTM) with a total outlay of ₹1,480 crore, and launching of brand name and logo 'Kasturi Cotton India' are among the highlights in the Year End Review 2020 released by the ministry of textiles, Government of India.

"With development of a new industry valuing ₹7,000 crore with 1100 PPE manufacturers producing a peak of 4.5 lakh units per day, India becomes second largest PPE manufacturer in the world," the ministry said in its year end review.

The year 2020 also saw removal of anti-dumping duty on purified terephthalic acid (PTA) and acrylic fibre.

To provide wider market for handloom weavers/artisans/producers, they were on-boarded Government e Market place (GeM).

"The textile industry occupies an important position in our country. Indian textile sector is the sixth largest exporter of textiles and apparels in the world. Its share in mercantile exports is 12 per cent and is the second largest employment generator after agriculture," the review said.

Click here to read complete Year End Review 2020

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