The Indian textiles sector has received much-needed attention but its future continues to hang in balance unless bold initiatives begin to pay off.
The Indian textile industry is the country’s oldest, going back five millennia, and its modern day avatar employs more than 45 million people, making it the country’s second largest employer after agriculture.
Over the last couple of decades, however, this industry has been facing global and domestic headwinds that are threatening its continued wellbeing. But governmental and industry efforts to overcome these challenges also offer considerable upsides and the proposed renewal of the industry promises to rejuvenate it and make it ready for the challenges of the 21st century.
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