India textile sector needs more stimulus - minister
NEW DELHI, June 1
NEW DELHI, June 1 (Reuters) - The Indian textile sector will require more fiscal stimulus from the government and 300 billion rupees of investment annually to maintain growth momentum, the textile minister said on Monday.
"There are many challenges before the textile sector. The government will impart momentum to this $52 billion industry by striving to achieve a growth rate of 8-10 percent per annum," Dayanidhi Maran told reporters.
India's textile exports have been hit after recessions at developed nations. (Reporting by Rajesh Kumar Singh; Editing by Ramya Venugopal)
- Tweet this
- Share this
- Digg this
- Maker of U.S. highway guardrails stops shipments over safety concerns
- São Paulo running out of water as rain-making Amazon vanishes
- Woman isolated in NJ under Ebola rules tests negative
- Google's Pichai to oversee major products and services
- India picks Israel's Spike anti-tank missile over U.S. Javelin - source
Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article