To counter Bangladesh & Vietnam, Budget announces setting up Mega Investment Textiles Parks

To counter Bangladesh & Vietnam, Budget announces setting up Mega Investment Textiles Parks
By , ET Online
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Synopsis

To meet the aim of doubling the textile industry size to $300 bn by 2025-26, 7 mega textile parks have been planned for a ramp up of the sector.

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Exports in the textiles and apparel industry are expected to reach $300 billion by 2024-25 resulting in a tripling of Indian market share from 5% to 15%, as per national investment promotion and facilitation agency Invest India.

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