Union Budget enhances global competitiveness for textile industry – SIMA.
The textile industry is the second largest employment provider of the nation, next only to agriculture that provides jobs predominantly to rural masses especially women to the tune of 110 million and the Government has set a vision of increasing the textile business size from the current level of USD 162 billion to USD 350 billion and the exports from the level of USD 35 billion to USD 100 billion by 2030.
The NDA Government led by Hon’ble Prime Minister, Narendra Modi having set a vision of 5Fs (Farm – Fibre – Factory – Fashion – Foreign) has been taking several pathbreaking initiatives to enhance the global competitiveness by addressing the structural issues.