Related Keywords: cleared project to set up a common engineering facility centre, demand for yarn will pick up, drive investment, focusing on development of machinery, major global spinning machinery manufacturers, public-private partnership mode, supported loom development projects, Union government, weaving and garmenting do well, weaving and processing sector
The Union Government has been focusing on development of machinery for weaving and processing sector. It has supported loom development projects on public-private partnership mode and also cleared a project to set up a common engineering facility centre. If segments such as weaving and garmenting do well, demand for yarn will also pick up and this will drive investment.
