Indian textiles ministry releases 12 months Finish Evaluate 2020


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India changing into the second largest private protecting gear (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 name identify and emblem ‘Kasturi Cotton India’ are among the many highlights within the 12 months Finish Evaluate 2020 launched by the ministry of textiles, Authorities of India.

“With growth of a brand new trade 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 stated in its yr finish evaluate.

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

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

“The textile trade occupies an essential 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 evaluate stated.

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

Fibre2Fashion Information Desk (RKS)


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





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