Textile sector needs rs 2 lakh crore

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TOPIC : Textile sector needs Rs 2 lakh crore

Posted on 16 July 2007 at 12:47:00

The Government of India and the Credit Rating Information Services of India Ltd (CRISIL) jointly conducted a survey of the textile industry which says that the industry will require an investment of Rs 1.94 lakh crore by 2012 to become an overall industry worth $110 billion.

The earlier investment estimate for the Textile Vision 2010 was Rs 1.40 lakh crore.

The textiles and clothing exports increased by 16.4 percent to Rs71,857 crore in 2005-2006 (Rs 61,730 crore in 2004-2005).

The textile industry saw an investment of Rs 35,000 crore under the Technology Upgradation Fund Scheme in 2006-2007 (Rs 15,000 crore in 2005-2006).

Mr. Divya Aggarwal

Money Management Consultants Ltd

Senior Copy Editor, Money Management Consultants Ltd
New Delhi, India

Free Member, Joined :05/11/2007
No of Topics Posted : 113
Reply/Comments : 14

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