Regional Economy: India Approved RS 106.83 Billion Textile Industry Promotion Plan

India's relevant departments approved the textile industry manufacturing promotion plan with a total amount of 106.83 billion rupees on the 8th.

This is part of India's 2 trillion rupee manufacturing promotion plan proposed last year. In order to promote high-end manufacturing, the Indian government proposed last year to implement a manufacturing promotion plan of 2 trillion rupees in 10 manufacturing sectors in the next five years. The textile industry is one of them.

Prior to this, India's relevant departments have approved the investment promotion plan of 121.95 billion rupees in telecommunications equipment. Plans to promote cars may also be approved soon.

The Ministry of Commerce and industry of India said that the implementation of the textile industry promotion plan aims to enhance the competitiveness of India's textile industry in the world market and increase the export share of Indian textile products. At the same time, because there are more women workers in the textile industry, promoting the development of the textile industry is also conducive to improving the employment rate of women in India.