The government has set an ‘aspirational’ target of $100 billion for textiles and garment exports over the next five years, Darshana Vikram Jardosh, minister of state for textiles, told an international conference on textiles and apparel organised by the Confederation of Indian Industry (CII) recently.
She urged the industry to take advantage of a global market shift where China is pruning its market share in the labour-intensive segment.
“We will remain committed to ensuring implementation of all development schemes and bring in many more schemes in pursuit of this aspiration,” she was quoted as saying by Indian media reports.
Earlier this month, the cabinet approved a scheme to incentivise investments in setting up mega textile parks to build scale in the fragmented sector. That followed a ₹10,683-crore production-linked incentive scheme for man-made fibre products and technical textiles.
ALCHEMPro News Desk (DS)
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