FTA with EU to open new avenues for Indian textile industry

The proposed Free Trade Agreement (FTA) likely to come up with the European Union, shall open new trade avenues for the estimated 49 billion USD Indian Apparel and Textile Industry in years to come, an industry expert said.

Govt releases $53.5 mn to upgrade textile industry

India has released USD 53.5 mn of subsidies to textile firms to upgrade their technology.

This was disclosed by Union Textiles Minister Dayanidhi Maran while addressing a press conference here on Thursday.