Friday, January 1, 2016

Make in India - Textiles and Garments

31 Dec 2015

Amended Technology Upgradation Fund Scheme (ATUFS) was approved. Rs. 17,822 cr is budgeted for 2012-17 by govt. to prpmote rs. 1,51,000 cr investment in the sector.

1st in global jute production.

2nd largest textile manufacturer in the world.

2nd largest producer of silk and cotton.

24% of the world’s spindles.
8% of the world’s rotors.

Vision 2025 for Textiles

Document created by expert committee and presented to textile ministry

$350 billion  for domestic consumption
$300 billion for exports

Tifac Vision 2020 for Textile Machinery

2015 Performance

Garment export for the period April - Feb 2015: $15.288 billion vs. $13.5 billion for 2013-14 April - Feb.

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