Textile Secretary Rashmi Verma also said the policy contains a package to boost job creation and promotion of made-ups for the home textile sector, on the lines of the one which was extended to the apparel industry.
With the introduction of tax and export incentives, the move will boost the productivity of entire textile industry, says Zohra Chatterji, Former Textile Secretary.
In an exclusive conversation with CNBC-TV18‘s Malvika jain, textile secretary Zohra Chatterji said that her ministry is seeking priority sector status from the Reserve Bank of India.
After yesterday's volatile session due to the Congress' poor performance in state assembly elections, we wake up to negative cues from across the globe. Read on for more...
A realistic price range for cotton in the domestic textile market will once again exist, after the Centre lifted restrictions on cotton exports and moved to bring exports under Open General Licence (OGL). Textile Secretary Rita Menon told CNBC-TV18 that the cotton prices would marginally rise after the lift on export ban.
The government decided to permit exports of an extra 10 lakh bales of cotton during the current season ending September. Rita Menon, textile secretary doesn’t see impact on industry margins due to cotton exports.