2020 highlights: PPE manufacturing, NTTM, Kasturi cotton


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India changing into the second largest private protecting tools (PPE) producer on the earth, the approval of a Nationwide Technical Textiles Mission (NTTM) with a complete outlay of ₹1,480 crore, and launching of brand name title and brand ‘Kasturi Cotton India’ are among the many highlights within the 12 months Finish Evaluation 2020 launched by the ministry of textiles, Authorities of India.

“With growth of a brand new business valuing ₹7,000 crore with 1100 PPE producers producing a peak of four.5 lakh models per day, India turns into second largest PPE producer on the earth,” the ministry mentioned in its 12 months finish overview.

The 12 months 2020 additionally noticed elimination of anti-dumping responsibility on purified terephthalic acid (PTA) and acrylic fibre.

To supply wider marketplace for handloom weavers/artisans/producers, they had been on-boarded Authorities e Market place (GeM).

“The textile business occupies an vital place in our nation. Indian textile sector is the sixth largest exporter of textiles and apparels on the earth. Its share in mercantile exports is 12 per cent and is the second largest employment generator after agriculture,” the overview mentioned.

Click on right here to learn full 12 months Finish Evaluation 2020

Fibre2Fashion Information Desk (RKS)


India changing into the second largest private protecting tools (PPE) producer on the earth, the approval of a Nationwide Technical Textiles Mission with a complete outlay of ₹1,480 crore, and launching of brand name title and brand ‘Kasturi Cotton India’ are among the many highlights within the 12 months Finish Evaluation 2020 launched by the ministry of textiles, Authorities of India.





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