Related Keywords: bring out strategy paper, Commerce Ministry, competitiveness on downward trend, cotton exports, incentive for textile sector, Indian textile exports, National Textiles Policy, process of rolling out, Textile Ministry, to enhance textile export
India’s textiles exports competitiveness is on downward trend even countries like Sri Lanka and Turkey are more competitive in the sector. The Commerce Ministry is considering bringing out its own strategy paper for the sector to enhance competitiveness of textile exports.
Textiles Ministry, too, is in the process of rolling out a National Textiles Policy, which aims to achieve USD 300 billion exports by 2024-25 and envisages creation of additional 35 million jobs.
