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Textile sector growth may fall short of expectations

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BS Reporter New Delhi
Last Updated : Jan 29 2013 | 12:59 AM IST

The roadmap was jointly prepared by the ministry of textiles and various industry associations.

The ASSOCHAM in its study, "Indian Textile: Weaving a Global Spin", has warned that job prospects in the textile sector could stagnate at 19 million workforce as against the projected 65.4 million by 2010.

ASSOCHAM has urged the ministry of textile to ensure timely completion of the textile park projects made under the Scheme for Integrated Textile Parks and also to further open up the sector by reducing Customs duty on import of textile machinery and equipment to zero level in next 4-5 years.

The chamber said the global manufacturers and private equity funds should be encouraged to invest in partnership with the small scale manufacturers to boost investment in the sector.

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First Published: May 26 2008 | 12:00 AM IST

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