Last fiscal, overall revenue growth was driven by a 10 per cent increase in domestic revenue even as export revenue declined 7 per cent.
"Production of textiles and garments is predominantly in the private sector. Therefore, the government does not prescribe specific production targets to the textile and garmenting industry," Textiles Minister Santosh Kumar Gangwar said during Question Hour.
Naishad Parikh, Head of Policy Initiatives, Representative, Arvind Mills and Sunil O Khandelwal, CFO of Alok Industries analyse the few perks that have benefited the garment industry and the all round budget impact that hasn’t been up to the mark as per the recommendations of Textile Industry.