Investment of Rs 1.50 lakh crore expected in textile sector
The country's textile sector is expected to attract an investment of Rs 1,50,600 crore by the end of 11th plan (2007-2012) and also generate employment opportunities for 17.35 mn workforce, according to the Handloom Atlas of India.
By PTI |
CHENNAI: The country's textile sector is expected to attract an investment of Rs 1,50,600 crore by the end of 11th plan (2007-2012) and also generate employment opportunities for 17.35 mn workforce, according to the Handloom Atlas of India.
The Atlas said the growth of the industry had accelarated to 10 per cent per annum and was expected to reach 16 per cent in the near future.
The textile trade had been contributing about 17 per cent of country's overall export, growing at a compounded average of 10.24 per cent per annum over the last decade.
It was expected to grow 22 per cent and reach US 55 billion by 2012, the Atlas, released here recently, said.
It said the textile sector had contributed about four per cent of the GDP, about 14 per cent of total industrial production, about 21 per cent of the workforce, about 17 per cent of export earnings and about 12 per cent of global production of textile fibres and yarns (including jute).
The Atlas said the growth of the industry had accelarated to 10 per cent per annum and was expected to reach 16 per cent in the near future.
The textile trade had been contributing about 17 per cent of country's overall export, growing at a compounded average of 10.24 per cent per annum over the last decade.
It was expected to grow 22 per cent and reach US 55 billion by 2012, the Atlas, released here recently, said.
It said the textile sector had contributed about four per cent of the GDP, about 14 per cent of total industrial production, about 21 per cent of the workforce, about 17 per cent of export earnings and about 12 per cent of global production of textile fibres and yarns (including jute).
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