Textiles & Apparel (T&A) Exports: Clocks Growth in April - December 2021 YoY
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03 February 2022, Mumbai:
Production Linked Incentive (PLI) Scheme for Textiles has been notified with a budgetary outlay of Rs 10683 crore to promote production of MMF Apparel, MMF Fabrics and Products of Technical Textiles in the country.
The objective is to enable Textile sector to achieve size and scale and to become competitive.Theexports of Textiles & Apparel for the year 2018-19, 2019-20 and 2020-21 are USD 36,558 million, USD 33,379 million and USD 29,901 million, respectively. The export of Textiles & Apparel from April - December 2021 is USD 30449.85 million,posting an increase of 52% over the same period during 2020.
This information was given by the Minister of state for Textiles Smt. DarshanaJardosh in a written reply in the Lok Sabha today.
CREDITS: PBI
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