17 March 2022, Mumbai:
The global pandemic of Covid-19 affected the textile sector initially due to restriction of social gathering. However, the situation has improved in recent months and production and exports have looked up.
The export of textiles and apparel during April-January 2021-22 is USD 34.459 billion, posting a growth of 49% over the same period in 2020-21(USD 23.137 billion).
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In order to overcome the above challenges faced during the pandemic, the government has taken the following major initiatives/ measures in the textile sector to boost exports, production, demand, and job opportunities in the sector on a pan-India basis:
To boost exports in the Man-Made Fibre(MMF) sector, the Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), Viscose Staple Fibre and Acrylic.
The Government has approved the setting up of Seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with an outlay of Rs. 4,445 crore for a period of seven years up to 2027-28.
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In order to overcome the above challenges faced during the pandemic, the government has taken the following major initiatives/ measures in the textile sector to boost exports, production, demand and job opportunities in the sector on a pan-India basis: To boost exports in Man-Made Fibre(MMF) sector, Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), Viscose Staple Fibre and Acrylic.
The Government has approved the setting up of Seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with an outlay of Rs. 4,445 crore for a period of seven years up to 2027-28.
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CREDITS: PIB (The news article has not been edited by DFU Publications staff).
