Indian Textile Sector News - Latest Updates & Headlines
Raw silk production reaches 34,042 MT till January 2025, showing positive growth
New Delhi, April 1: The raw silk production in the country stayed at 34,042 metric tonnes (MT) till January 2025, registering an uptick, Pabitra Margherita the Minister of State (MoS) for Textile said in a written reply to a question in Rajya Sabha.
Each PM MITRA textile park to generate 3 lakh direct-indirect jobs: Giriraj Singh
New Delhi, March 11: Each PM Mega Integrated Textile Region and Apparel (PM MITRA) park will generate 3 lakh (direct/indirect) employment across all elements of the textile value chain -- spinning, weaving, processing, printing, garment and accessories manufacturing, Union Textiles Minister Giriraj Singh informed Lok Sabha.
Banks to play key role in attaining $350 billion target for Indian textile sector
Mumbai, Feb 24: Banks should play an important role in meeting the credit needs of textile sector, which supports 5.4 crore jobs and whose market size is targeted to grow from $172 billion to $350 billion by 2030, Textile Commissioner Roop Rashi has said.
Demand outlook remains strong for Indian textile sector: Report
New Delhi, February 19: Although domestic cotton prices remain higher than international prices, the overall demand scenario seems to be improving according to a report by Systematix Institutional Equities Research.