Initiatives such as the Production Linked Incentive (PLI) scheme for textiles, the National Technical Textiles Mission, and ongoing support for MSMEs have significantly bolstered the industry.
As Prime Minister Modi begins his third term, CITI remains steadfast in its commitment to supporting the government's efforts in transforming India into a global hub for textiles and apparel. The industry is confident that under his leadership, India will continue to reach new milestones and create a brighter future for all, CITI said in a press release.
Rakesh Mehra, chairman of CITI, said: "On behalf of the entire textile industry, I extend heartfelt congratulations to Narendra Modi on this historic achievement. His dynamic leadership has been crucial in propelling India's growth and cementing its status as a global economic powerhouse. We reiterate our pledge to work closely with the government in fostering innovation, sustainability, and competitiveness within the textile sector. Together, we aim to elevate India’s standing as a global leader in textiles.
“We look forward to continuing our robust partnership with the government to address challenges faced by the industry, such as raw material security, infrastructure development, and skill enhancement. By working together, we can achieve sustainable growth and contribute to the nation’s economic prosperity."
Fibre2Fashion News Desk (DP)