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6TH AUG 2021, MUMBAI:
As per The Press Information Bureau (PIB) is the nodal agency of the Government of India, "Government FDI Policy for Textiles Sector, Textiles is open to FDI under automatic route since long. As a conservative estimate Nearly 80% of textiles units in India are MSME, SMBs/ informal sector of the economy resulting in fragmented state & nature of sector"
Historically FDI inflows serve to perk up domestic capital, available resource and facilitate to promote industrial development thereby increase its production capacity and work in as backbone to the industry, Augment export competitiveness, enhance job/ employment opportunities across textiles supply chains.
Watch: https://www.youtube.com/watch?v=Azjrx8q2nv8
Positive impact includes incremental investments as a natural corollary bring in international best practices and introduction to cutting edge/ state of the art knowhow & technologies across this deep sector resulting in visible supplement to all-round economic growth and harmonic development in the sector and to the economy per say.
https://www.linkedin.com/feed/update/urn:li:activity:6829684663099961344
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