BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
CARE Ratings Research Report
The Indian textile and apparel industry employs around 45 million workers and contributes 11%-12% of the country's exports.
During FY22 (refers to the period April 01 to March 31), the size of Indian domestic textile and apparel industry is expected to be around $95 billion, while the export is expected to be around $38 billion.
Despite presence across the textile value chain, India has not been able to garner China's declining share in global readymade garment exports in past few years.
In order to boost textile exports, to generate employment and to create level-playing field for Indian exporters in global market, the Government of India has already announced various incentives/ schemes and the PM Mega Integrated Textile Region and Apparel park is another step towards increasing competitiveness of Indian textile globally.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
