With Piyush Goyal replacing Smriti Irani as the new textile minister, following the recent union cabinet reshuffle, there seems to be a humongous task lying ahead of him. It is reviving the ailing textile and apparel sector. Providing direct employment to 45 million people, and indirect employment to 60 million people, this highly labour-intensive sector is only behind overall agriculture in terms of employment generation.
However, in recent years, India has significantly lost its global competitiveness in textile and clothing to countries like Bangladesh and Vietnam. As a result, textile and garment exports in the sector have plummeted. While India’s overall …
Related posts:
14th Round Of India-China Military Talks Fails On Outcome But Scores On Cordiality
CBI Arrests DSIIDC Sr Official, Private Person For Accepting Bribe Of Rs 1.70 Lakh
SBI Successfully Prices Its First International USD Denominated Public Bond For $300 Mn
Shipping congestion is growing at world’s biggest port
