Textiles Minister S Vaghela says 'no' to FDI from China
24 May '05
2 min read
Reviewing it he said, "We have announced several duty cuts and concessions for the industry. These have boosted the exports of textiles and garments during the year. But I believe the performance could have been much better.”
As regards handicrafts sector, the textile minister informed that several measures were initiated for improving performance on the export front.
He voiced concern over the delay in implementation of the apparel park projects saying, “The issue of apparel parks was highly politicised by the previous government. We are trying to sort out the matter. Our aim is to develop 25 apparel parks across the country, out of which, only one (in Tirupur) has been completed so far. We expect five more apparel parks to be completed by the end of 2005 or early 2006.”
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