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