Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-01-22

Rising input costs in textile sector may hurt SMEs

The Textile Ministry has raised concern on the macroeconomic risks facing the Indian economy which have increased during the last six months, mainly on the dimensions of sliding domestic growth, rising input cost and slowdown in manufacturing and employment generation.

The Textile Ministry has raised concern on the macroeconomic risks facing the Indian economy which have increased during the last six months, mainly on the dimensions of sliding domestic growth, rising input cost and slowdown in manufacturing and employment generation.

 

"The need of the time is to accelerate manufacturing which in turn will spur growth and exports. Apparel exports industry is primarily a Small and Medium Enterprises (SME) sector contributing to 40 per cent of our exports," Textile Minister K S Rao said during the 4th edition of Tex-Trends India 2014 at Pragati Maidan, New Delhi.

 

Rao further added that, "It is indeed heartening to know that garment exports have been sustainably growing at the rate of 15 per cent since the last nine months."



Enthused by the export figures, Rao said that the government was targeting textile export of $60 billion in 2014-15 by focusing on the textile sector and skill development in the country. "It is not a difficult proposition to increase textile exports to $60 billion by March 2015," he said. The government has set textiles exports target of $43 billion for the current fiscal.

Related opportunities
  • Others Food Service
    About Us: House Of Candy is a pop-up store in retail..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Kids & Children Clothing
    About Us: LAXONS BABY WORLD is a complete and exclusive BABY..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • After School Activities
    About Us: SIP Academy India is successfully running various world-class programmes...
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy Parlors
    About Us: Introducing a premium quality Italian milkshake and ice cream brand..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts