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Related Keywords: an export growth of twenty percent a year, growing rapidly, increased demand for cotton, large inflow of foreign investments, next three years, sector is expected to generate a turnover of USD forty billion, strong market for Indian cotton, Vietnam apparel industry, Vietnam textile industry

Vietnam’s apparel industry is growing rapidly. With an export growth of 20 percent a year, the sector is expected to generate a turnover of $40 billion by 2020. There has been a large inflow of foreign investments in the country’s textile industry, which has led to an increased demand for cotton.

Mainly exporting to Bangladesh, Pakistan and China, India is the world's top producer of cotton.

Vietnam may emerge as a major export area for Indian cotton soon after a series of Free Trade Agreements which constitute the Trans-Pacific.

Related Keywords: Aparel exports of India, Apparel Export Promotion Council, bring paradigm change, governments future-oriented initiatives, help push apparel sector, industry body AEPC, innovative designs prowess, likely to touch more than thirty billion USD, modernize textile sector, next three years

India's apparel exports likely to touch more than $30 billion in the next three years, according to industry body AEPC as the government’s future-oriented initiatives to modernize the country’s textile sector will help push apparel sector.

Apparel Export Promotion Council, referring to the government’s Rs.6,000 cr special package announced in June for the textiles sector said that this move, along with innovative designs prowess will bring about a paradigm change for the industry.

Related Keywords: combines elements of concessional credit, credit guarantee cover, every stateand UT to prepare action plan, five lakh handloom weavers, handloom cluster, interest subvention, New model formulated under Mudra scheme, next three years, provide credit to handloom sector, set target of extending MUDRA loans, such as margin money, textiles ministry

With the government formulating a new model under MUDRA scheme for providing credit to handloom sector under which it has combined elements of concessional credit such as margin money, interest subvention and credit guarantee cover. The Textiles Ministry on June 29 said that it has set a target of extending MUDRA loans to five lakh handloom weavers in the next three years.

The ministry has requested every state and UT to prepare a three-year action plan to achieve the five lakh target.

Related Keywords: attract investment in the state, create employment, hosiery, next three years, parks, PPP model, ready-made garments and knitting park, through textile clusters, under integrated textile development project, West Bengal government

The West Bengal government hopes to attract around Rs 37,000 crore investment in the state through 10 Textile Clusters or Parks under Integrated Textile Development project on PPP model over the next three years and will provide employment to 6-10 lakh people.

These parks, involving hosiery, ready-made garments and knitting, will come up at Barasat, Bankura, Metiabruz, Uluberia, Salt Lake, among other places. Most of the investments will be from private sector.