The Central Government expects around Rs. 250 billion of foreign investment to be made in country's textile sector in next five years, said Union Textiles Minister Mr. Dayanidhi Maran after inaugurating the National Handloom Expo in Chennai.
Steps taken by the government would prove to be helpful to improve foreign investment in the country. Moreover, steps are also being taken to set up the proposed integrated textile park at Kancheepuram, exclusively for the silk industry.
The Government has approved the establishment of around 40 such textile parks across the country which will provide world-class infrastructure to attain international environmental and social standards, he said.
Fibre2fashion News Desk - India