INDIA: Textile Industry to Attract Rs1,50,000 Crore Investment, Create Over 12 Million Jobs by 2010
Total investments in the textile sector in the country are expected to touch Rs150,600 crore by 2012, with overall employment generation of 17.37 million (comprising 12.02 million direct and 5.35 million indirect jobs), prime minister Manmohan Singh told a textile summit. Investment in the textiles and clothing…
Egytex News Desk
Egytex
He said the government has provided Rs1,140 crore for technology up gradation. The government also proposes to complete modernization of 15 of the 22 mills under the National Textile Corporation by May-end.
The government also opened the ninth centre of the National Institute of Fashion Technology (NIFT) at Kannur in Kerala.
He said the textile ministry is playing a catalytic role in increasing investment, introducing modern technologies and providing marketing support to textile units.
Source: YarnsandFibres.com
From the Egytex news archive, first published on 20 May 2008. Figures and names are as reported at the time.
