Related Keywords: mega-cluster, Surat textile industry, textile value chain, Union budget
The union budget presented by the Finance Minister Arun Jaitley in the Parliament on Thursday wherein it was announced setting up of a mega-cluster in Surat for textiles has been welcomed by the Gujarat textile industry.
Of the six textile mega-clusters proposed to set up, one of it will be in Surat. Surat textile industry, which involves spinning, weaving, processing, garmenting and exports, employ around 1.5 lakh people directly. Market estimates put the industry turnover in the range of Rs. 40,000 crore –Rs 50,000 crore annually.
