Soon, a Hundred Billion Dollar Indian Textile Industry
March 30, 2007| |
India’s Ministry of Textile has projected the value of the Indian textile industry to grow from US$ 47 billion in 2005-2006 to US$ 95 billion by 2010. In 2012, it is expected to rise to US$ 115 billion comprising the domestic market of US$ 60 billion and exports of US$ 55 billion. The projected growth rate of 16% per annum during these years, says Minister of Textiles, E.V.K.S. Elangovan, is attributed to the implementation of the Multi Fiber Agreement (MFA) under the aegis of the World Trade Organization, and increasing raw material base with booming cotton production.
The Government of India has taken many initiatives in the past and included new schemes like the Technology Upgrading Fund Scheme, Technology Mission on Cotton, Integrated Textile Parks, Foreign Investment Promotion Scheme, Brand Promotion on Public-Private Partnership (PPP) approach to develop global acceptability of Indian apparel brands to name a few.
Read more on the role of the textile industry in Indian economy at http://pib.nic.in/release/release.asp?relid=25886 and
http://pib.nic.in/release/release.asp?relid=23833.
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- GM Crops Results in Improved Productivity, Says Study
- Cisgenic Plants Argued Similar to Traditionally-Bred Plants
- Muslim Perspectives on Genetic Modification
- ECOWAS Conference on Biotechnology in Ghana
- Insect Resistant Maize for Africa (IRMA) II
- New Seed Initiative for Maize in Africa
- NERICA Rice Introduced in Central African Republic
- Source of Regulated Protein in CL131 Rice Identified
- Update on Genetically Modified Alfalfa
- Blueberry Skins Found to Lower Cholesterol Levels
- Emerging Challenges for Biotech Specialty Crops
- Korea Continues Huge Investment on Biotech
- Anti-Hay Fever GM Rice May Gain Japanese Trust
- Organic and Biological Farming are Viable Systems Says CSIRO
- Soon, a Hundred Billion Dollar Indian Textile Industry
- Challenges and Opportunities for Crop Protection
- France Adopts New Legislations on Co-existence
-
Research Highlights
- Rice BT Protein Degrades Rapidly In Aerobic Paddy Soils
- Gene Found to Lower Apple Acidity
- Heterosis in Bt Cotton Hybrids Analyzed
-
Announcements
- ISAAA Videos Available Online
-
Resources
- APCOAB Publication On Potato Seed Micropropagation
-
Read the latest: - Biotech Updates (May 15, 2024)
- Gene Editing Supplement (May 15, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet