Knowledge & News Network (KNN)Nov 9, 2021MSMEs has key role in achieving $ 100 bn textiles and garments export targetNew Delhi, 22 Oct (KNN) The Ministry of Textile has set a target of USD 100 billion exports of textiles and garments over next five years.This move comes as a strategic response to the ongoing commotion in the Chinese economy, as they lose their share in the textile market with buyers not depending on China anymore. For India this is a perfect opportunity to tighten its grip in the textile industry.MSMEs constitute majority share of businesses involved in the textile sector, hence the Government should facilitate MSMEs in being a significant part of achieving this goal by further boosting manufacturing units and other key areas.Read more at Knowledge & News Network (KNN)
New Delhi, 22 Oct (KNN) The Ministry of Textile has set a target of USD 100 billion exports of textiles and garments over next five years.This move comes as a strategic response to the ongoing commotion in the Chinese economy, as they lose their share in the textile market with buyers not depending on China anymore. For India this is a perfect opportunity to tighten its grip in the textile industry.MSMEs constitute majority share of businesses involved in the textile sector, hence the Government should facilitate MSMEs in being a significant part of achieving this goal by further boosting manufacturing units and other key areas.Read more at Knowledge & News Network (KNN)
