INDIA'S TEXTILE SECTOR TO BENEFIT ON GOVT'S PROPOSAL OF MEGA TEXTILE PARKS

The government has proposed setting up mega textile parks with focus on value addition to technical textiles. It has also proposed an integrated programme with key components for the labour-intensive textile sector. The Textile Expansion and Employment Scheme seeks to modernise traditional clusters by providing capital support for machinery, technology upgrades, and common testing and certification centres. This measure could improve capacity utilisation, exports, and margins across the textile value chain. The likely impacted textile stocks by this announcement are

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