Textile champs in the works: Government plans to handhold top companies to meet demand

New Delhi: India will before long company up a strategy to handhold prime textile corporations to enable them realize sufficient dimensions and scale to cater to throughout the world demand from customers. The aim is to produce a few world-wide champions to improve exports by way of fiscal added benefits and satisfactory infrastructure guidance by the states.

A senior federal government official informed ET that a coverage is remaining finalised to deal with the lacunae under existing textile-relevant schemes and come up with parameters that will enable establish states by way of the problem method to established up textile parks with all ahead and backward linkages available in the same location to make India price tag aggressive.

“A proposal will be submitted to chief secretaries of all states for thought as the Centre plans to rope in states,” the official explained.

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