Home / Knowledge / News / Textiles / 'Make in India' rolled out for textile & garment industry
'Make in India' rolled out for textile & garment industry
25
Sep '14
PM Modi (5th from R) at inauguration of Make in India/c: PIB
PM Modi (5th from R) at inauguration of Make in India/c: PIB
‘Make in India’ campaign covering 25 sectors, including the textile and garment industry, has been launched by Prime Minister Narendra Modi in the presence of Who’s Who of the corporate world from India and abroad at a ceremony in New Delhi today.
 
At the launch of the ambitious ‘Make in India’ project to make India a manufacturing hub, Prime Minister Modi promised effective and easy governance to help achieve high growth and creation of jobs.
 
The ‘Make in India’ scheme also puts in place the logistics and systems to address in a timely manner queries of potential investors. The scheme has been unveiled along with a logo, a web portal, and brochures on 25 identified growth sectors.
 
Home to 24 percent of the world’s spindles, and 8 percent of the world’s rotors, India is the world’s second largest producer of cotton and silk, and also the second largest textile manufacturer. Besides this, India enjoys a comparative advantage in terms of skilled manpower and cost of production over other major textile producers, which makes the country a preferred destination for investment.
 
In the coming years, increased penetration of organised retail, favourable demographics and rising income levels are expected to drive textile demand. Further, pointed and favourable policies instituted by the Government will give the industry a fillip.
 
Moreover, the Government of India allows 100 percent foreign direct investment (FDI) under the automatic route in the textile sector, subject to all applicable regulations and laws, which effectively backs the Make in India programme for the textile and garment industry.
 
Already several foreign companies have invested in India. These include textile machinery manufacturers Rieter and Trutzschler; and apparel retailers like Zara and Mango (both from Spain), Promod (France), Benetton (Italy), Esprit, Levi’s and Forever 21 (all from the US).
 
Under the Make in India initiative, investment opportunities for foreign companies and entrepreneurs are available across the entire value chain of synthetics, value-added and speciality fabrics, fabric processing set-ups for all kinds of natural and synthetic textiles, technical textiles, garments, and retail brands. (RKS)
 
Click here for more information on Make in India for Textiles and Garments Industry.
 
Click here for fibre2fashion’s special feature on ‘Make in India’.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jun 2021

Half of all cotton-growing regions face severe climate risks by 2040

Climate change could expose half of cotton-growing regions globally...

Pic: Beximco Ltd

Textiles | On 25th Jun 2021

BSEC offers letter of intent to BEXIMCO's Tk 3000-cr Islamic bonds

The Bangladesh Securities and Exchange Commission (BSEC) recently...

Pic: Shutterstock

Textiles | On 25th Jun 2021

Prime Content| Australian cotton production, exports to grow in coming season: TexPro

Australian cotton production and exports are expected to move up...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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

Leave your Comments


June 2021

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


Advanced Search