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Textile sector News

Handloom weaving

29 Nov 2021

Weaving business suffered heavily during COVID-19, says Prerona Das Roy

The Covid outbreak and lockdown wreaked havoc on the micro-businesses, causing consumer demand to fall and hurting the garment sector as a whole. Many loom workers left for their hometowns and did not return, causing hardship for handloom owners. Around 4.5 crore people are working in India's textile sector, including 35.22 lakh handloom workers.

30 Aug 2016

India's economy seen losing steam in June quarter

India will release data later on Wednesday that is expected to show economic growth slowed in the June quarter, and despite having one of the world`s fastest growth rates it means millions of unemployed Indians will face an even longer queue for a job.

17 Aug 2014

FDI of nearly $200 bn in textile sector in 2013-14

Foreign direct investment (FDI) of USD 199 billion was made in India`s textile sector in the financial year 2013-14, government data shows.

15 Jun 2014

Govt may hike incentives for textile sector to boost exports

The government is expected to increase incentives for the labour-intensive textiles industry in the forthcoming Budget to boost sector's exports and manufacturing.

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