There are reports that the State Government and textile sector have inked 62 MoUs in Bhilwara. Officials informed Apparel Resources that prominent local textile companies have stepped forward to announce investment, even though the names of these companies have not yet been made public.
Manufacturing News
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Manufacturing
Indian textile industry, primarily driven by MSMEs, facing challenges in funding, modernisation, says report
The domestic textile market, valued at around US $ 165 billion in 2022, includes US $ 125 billion from domestic sales and US $ 40 billion from exports.
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Manufacturing
Andhra Pradesh minister announces handloom, textile parks in state, says Government to unveil new textile policy
The Central Government has approved US $ 3.55 million to establish a huge textile park in Dharmavaram, she added, and the NDA administration would bring the weaving industry back to its former splendour.
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Singh said a new concept of technical textiles has added a new dimension and it has greatly benefited the medical sector churning out products like sanitary napkins and masks.
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Industry specialists said there was a need to introduce new seed varieties to enhance productivity, considering the substantial ginning and spinning infrastructure in Gujarat.
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Many factories are dealing with absenteeism rates of around 15 per cent or higher, which is having a negative effect on ongoing orders. Workers are trying to be brought back by the factories' HR and administrative staff.
